Masterclass: How to prepare a development appraisal


Tuesday 22nd January, 2019 | 17.00 - 19.30

Wedlake Bell
71 Queen Victoria Street
EC4V

Following the success of Archiboo/Rare Space sell-out conferences on how to develop small sites, our new Masterclass Series on becoming an independent developer kicks off with how to prepare a development appraisal.

This is the first of three masterclasses and will be followed by sessions on finding land and raising finance.

How to prepare a development appraisal – January 22, 2019

A development appraisal is the financial assessment that establishes the viability of a project and is an essential tool for any would-be developer to master.

In our first Small Sites conference last year, architect Catherine Burd said the ” development appraisal is the most important thing one can do as an architect in order to understand ‘ can we do this, how are we going to do this?’ because getting the right sites for the right price is incredibly important”.  Catherine’s talk is now available to watch.

Led by Rare Space CEO Gus Zogolovitch, this is will be a hands-on session featuring a live project and will include time for attendees to get advice on their own schemes.

  • How do you value land?
  • What is a development appraisal?
  • What are the main terms used and what do they all mean?
  • How do they work?
  • How to use Excel for a development appraisal
  • A deep dive into an example going through the template plus an example to take away.

Price: £115 + VAT

 

Finding land – January 31, 2019

There are plenty of small sites out there but how do you find them? This two-hour masterclass will get you started on your land-hunting journey with first-hand knowledge on how to find and pitch for small sites.

  • Types of Land
  • On Market
    • Auction – pros and cons
    • Estate agents
    • Rightmove
    • Estates Gazette
  • Pre Market
  • Off Market
  • Identifying Appropriate Land
  • Determining Ownership
  • Planning
  • Covenants
  • Clawbacks / overage
  • Costs
    • Utilities
    • Slopes
    • Trees
  • Approaching owners
  • How to buy without money

Price: £115 + VAT

 

How to raise finance- February 12, 2019

Securing the finance for your first development can be tricky as no one wants to lend to developers without a track record – but how do you establish a track record without the finance? In this two-hour class we examine the different routes to securing funding.

  • Types of finance
  • Debt
    • Different types of debt
  • Equity
    • Different types of equity
  • What are typical terms used when approaching a funder and what do they mean?
  • What does a funder want to see?
  • What are typical rates of interest?
  • What does a typical investment memorandum look like?
  • Going through the investment memorandum template (we will give one away for people to use)

Price: £115 + VAT

Please note that all three sessions are limited to 20 places per class.