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Property Development Feasibility and Project Appraisal

A development site can look attractive until municipal services capacity, rates accounts, escalating build costs and the cost of borrowing are put into one appraisal. Delegates build a residual land value study, test rental and sales assumptions, and set out the funding structure a lender will interrogate.

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What you will be able to do

  • Assess a site for zoning, servitudes, bulk services capacity and municipal account exposure.
  • Estimate development cost including professional fees, contingency and escalation.
  • Construct a residual land valuation to test what a site is worth to a developer.
  • Model a development cash flow through construction, letting and stabilisation.
  • Calculate development margin, yield on cost and internal rate of return.
  • Stress test the appraisal against interest rate, cost and take up assumptions.

Course outline

  1. 01Site identification, zoning and due diligence
  2. 02Municipal services, rates and bulk contributions
  3. 03Development cost estimating and escalation
  4. 04Residual land value method in practice
  5. 05Cash flow modelling and phasing decisions
  6. 06Return measures and investor hurdle rates
  7. 07Debt and equity funding structures
  8. 08Sensitivity testing and go or no go decisions

Who should attend

Property developers, development managers, asset and investment managers, town planning consultants, and bank credit staff who appraise development lending proposals.

Dates, venues and fees

DatesVenueDaysFeeCalendarRegister
28 to 30 Sep 2026Harare3US$1,500Closed
29 Sep to 1 Oct 2026Lilongwe3US$1,500Register
30 Sep to 2 Oct 2026Blantyre3US$1,500Register
5 to 7 Oct 2026Mozambique3US$1,500Register
6 to 8 Oct 2026Nairobi3US$1,500Register
7 to 9 Oct 2026Dar es Salaam3US$1,500Register
12 to 14 Oct 2026Kigali3US$1,500Register
13 to 15 Oct 2026Kampala3US$1,500Register
14 to 16 Oct 2026Accra3US$1,500Register
19 to 21 Oct 2026Lagos3US$1,500Register
20 to 22 Oct 2026Cairo3US$1,500Register
21 to 23 Oct 2026Mauritius3US$1,500Register
26 to 28 Oct 2026Dubai3US$1,500Register
27 to 29 Oct 2026Online3US$900Register
23 to 25 Nov 2026Johannesburg3R13,000Register
24 to 26 Nov 2026Cape Town3R13,000Register
25 to 27 Nov 2026Durban3R13,000Register
30 Nov to 2 Dec 2026Pretoria3R13,000Register
1 to 3 Dec 2026Windhoek3US$1,500Register
2 to 4 Dec 2026Gaborone3US$1,500Register
7 to 9 Dec 2026Maseru3US$1,500Register
8 to 10 Dec 2026Mbabane3US$1,500Register
9 to 11 Dec 2026Lusaka3US$1,500Register

Fees are per delegate. South African venues are priced in rand; other locations and online in US dollars. Fees exclude 15% VAT where applicable. Group bookings of three or more delegates from the same organisation qualify for a reduced rate; contact us for a quotation.

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