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PO3513: REAL ESTATE DEVELOPMENT & INTERNATIONAL INVESTMENT (2021-2022)

Last modified: 31 May 2022 13:05


Course Overview

The course covers two key aspects of real estate, namely development and international investment.  While development is an intrinsically local activity, the drivers of demand to occupy and invest in real estate are increasingly global.  Thus, the course first deals with the process of development and then provides the context of globalisation of economies and real estate markets, which underlies the demand for real estate occupation and investment.  The course involves a UK field trip.

Course Details

Study Type Undergraduate Level 3
Session Second Sub Session Credit Points 30 credits (15 ECTS credits)
Campus Aberdeen Sustained Study No
Co-ordinators
  • Dr Yuan Zhao

What courses & programmes must have been taken before this course?

What other courses must be taken with this course?

None.

What courses cannot be taken with this course?

None.

Are there a limited number of places available?

No

Course Description

The first part of the course adopts a project-based approach and uses a case study site to consider: the development and construction processes, including legal,  physical and ownership constraints; the planning, conservation and sustainability contexts; assessing demand, market trends and marketing; the financing of development; and appraisal techniques for acquisition, sale or valuation, including sensitivity analysis.  Students will be introduced to the appropriate sources of information and data.  They will produce, in groups, proposals for the development of a site.  This covers professional competences assessed by the Royal Institution for Chartered Surveyors (RICS) in commercial real estate. This second part of the course covers the economic globalisation and the consequences for real estate markets.  It considers: globalisation of trade and capital flows; globalisation of real estate demand; portfolio financial analysis; international real estate markets; and equity and debt investment vehicles.  The theme is the linkages among economies, financial markets and real estate investment, and the consequences.  It also considers issues of market maturity and transparency, and compares the institutional contexts in a variety of national markets.  The course encourages students to develop numeracy and problem solving skills and good group working practices.


Details for second half-session courses, including assessments, may be subject to change until 23 December 2022.

Contact Teaching Time

Information on contact teaching time is available from the course guide.

Teaching Breakdown

  • 2 Seminars during University weeks 26 - 35, 39 - 40

More Information about Week Numbers


Details for second half-session courses, including assessments, may be subject to change until 23 December 2022.

Summative Assessments

Report: Individual

Assessment Type Summative Weighting 20
Assessment Weeks 28 Feedback Weeks 31

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Planning/sustainability/site constraints

Learning Outcomes
Knowledge LevelThinking SkillOutcome
Sorry, we don't have this information available just now. Please check the course guide on MyAberdeen or with the Course Coordinator

Oral Presentation: Group

Assessment Type Summative Weighting 20
Assessment Weeks 32 Feedback Weeks 32

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Presentation of the final group report

Learning Outcomes
Knowledge LevelThinking SkillOutcome
Sorry, we don't have this information available just now. Please check the course guide on MyAberdeen or with the Course Coordinator

Report: Individual

Assessment Type Summative Weighting 30
Assessment Weeks 41,42 Feedback Weeks 44,45

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On a topical theme in international real estate linked to the field trip

Learning Outcomes
Knowledge LevelThinking SkillOutcome
Sorry, we don't have this information available just now. Please check the course guide on MyAberdeen or with the Course Coordinator

Report: Group

Assessment Type Summative Weighting 30
Assessment Weeks 32 Feedback Weeks 35

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Commercial aspects to cover the demand / marketing and appraisal methods

Learning Outcomes
Knowledge LevelThinking SkillOutcome
Sorry, we don't have this information available just now. Please check the course guide on MyAberdeen or with the Course Coordinator

Formative Assessment

There are no assessments for this course.

Course Learning Outcomes

Knowledge LevelThinking SkillOutcome
FactualUnderstandUnderstand the national/local market context within which any development proposal must be made.
ProceduralEvaluateUnderstand the complexity of issues associated with development including planning, sustainability, legal and financial constraints.
ProceduralApplyBe competent in the use of valuation and development appraisal techniques and in the evaluation of the appropriate information required as inputs.
FactualAnalyseUnderstand the increasingly international nature of occupier demand, investment demand and development in commercial real estate markets.
ConceptualEvaluateUnderstand the linkages among economic globalisation, financial globalisation, integration of real estate occupier and investment markets and the consequences for the global economy.
ProceduralAnalyseBe proficient in the collation, interpretation, synthesis and preparation of materials from a wide range of sources.
FactualCreateBe able to present analysis and findings for a client’s case orally and in written reports.
ConceptualAnalyseContribute knowledge and problem solving ability to group activities.

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