How to be a Property Developer

Over the weekend, as guest lecturer, I completed my second workshop in Property Development for Unitec final year students as part of their Bachelor of Construction Degree.

It is a very practical course – taught to predominantly existing construction and property professionals. Basically you learn how to approach a development project in the same way as I do in my day job.

What we work through together over the two day workshop includes:
– Site due-diligence
– Understand the local market, supply and demand
– Understand the zoning
– Draw up bulk and location options
– Create financial feasibilities
– Describe the most efficient delivery process
– Analyse the risks and how to mitigate them during land acquisition, consent, sales, leasing, financing, contracting and construction.
– Pull it all together in an investment and delivery proposal

Our first workshop considered a fringe CBD suburban apartment development in the new ‘Terrace Home and Apartment Building’ zone in Auckland, New Zealand.

The recent workshop looked at a mixed use retail, office and apartment development in the Auckland Central Business District – with a focus on the office component. This workshop was particularly interesting for me as I had to first spend a previous weekend learning all the CBD office development zoning rules !

For two days it is pretty intense including three group presentations by students.  I was amazed at how much the groups managed to pull together in the time allotted. With fresh and unbiased thinking  some great development concepts emerged for the sites.

This is a course to definitely consider if you work in construction, quantity surveying, project management, finance, planning or any other related discipline and would like to get a practical, real world overview of property development.

For more information about the course visit: 

Alternatively, feel free to contact me and let’s discuss.

Andrew Crosby

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