This course covers both commercial and mixed-use property developments. It advances from initial 'back of an envelope' calculations to sophisticated cash flow and viability studies with sensitivity analysis, taking full account of current market conditions. It includes an interactive workshop session for which participants are advised to bring a calculator or laptop.
Residual valuations and development appraisal
Cash flow techniques
Measures of profitability - profit erosion calculations
Ground rent and premium derivation
Refinement - sensitivity and marginal viability analysis
Timing, phasing and interim receipts - including grants and other sources of non commercial funding
Useful computer software and the creative use of spreadsheets
Avoiding negligence - making the right notes and assumptions
The day will be of great benefit to developers, project managers, lenders, advisers, agents, consultants, lawyers, landowners and public sector bodies concerned with or contemplating the development of land or buildings.