Property Development Programme (PDP)

Course Profile and Objectives

The extremely popular Property Development Programme is presented jointly by the Graduate School of Business (GSB) of the University of Cape Town, and SAPOA. The 2006 PDP will be the 31st PDP, since 1969.

This intensive two-week course, held at the GSB in Cape Town, is South Africa’s premier management programme on property finance, valuation, property law, negotiation, investment, development, marketing and management.

Delegates attending PDP will find their skills and knowledge sharpened not only by the practical instruction and case studies, but also by the interchange of ideas with their course colleagues, resulting in an extended basic knowledge in the principles and practices of property investment, development, marketing and management.

An experienced GSB faculty – supplemented by national and international instructors – will provide a strong base to the programme in the areas of financial management, group dynamics, strategic thinking, negotiation and presentation skills and economics. The balance of the instruction and seminar leadership will come – sourced by SAPOA – from leading figures in the industry and from a series of projects, which will be undertaken on a competitive inter-team basis.

One long-term objective of the course is to promote the profitability of sponsoring companies through high level management development. In addition, delegates build longlasting business and personal relationships with course colleagues.

Participants are drawn from the many disciplines that comprise the commercial property industry, for example, property development, financial, legal, architectural, engineering, quantity surveying, building planning and the broking sectors. The calibre of participants is traditionally very high and the standard of instruction is therefore pitched at senior and potential senior management.

Structure of the Course and Workload

A maximum of 64 delegates are selected to attend each PDP. The organisers will select delegates and reserve the right to accept or reject applications.

The PDP course is extremely intensive, with lectures and projects from 08h30 to 23h00, Monday through to Friday, hence the requirement that delegates live in residence.

The learning process is stimulated through a combination of class instruction, discussion, seminars and project work.

This is supplemented by periods of private preparation, during which the delegate reviews the course material provided during the past day, and prepares for coming lectures. Participation in lectures and groups is essential for the learning process.

Projects are assigned during the course, for completion by the groups.

On the last evening of the course, delegates attend a dinner at a private venue on the Waterfront, where they receive certificates from the GSB and awards are made for the final project.

An assessment of each delegate will be forwarded to the sponsor and delegate on completion of the course.

Group Discussions and Field Work Projects

The composition of the groups is as balanced as possible, with regard to the disciplines from which the participants are drawn.

Groups will tackle projects such as:

• Valuation of a property
• Financing alternatives for property development or acquisitions
• Town planning implications of a given property

   

Areas of Study

ECONOMICS

The course covers the present state and future prospects of the South African economy. It also offers a broad insight into the impact of domestic and international developments on the property market.

FINANCIAL MANAGEMENT

Focusing on the role of the financial manager, this segment is designed to help management develop strategies to deal with change in the business climate. Topics include: cash management, return on investments, discounted cash flow and innovative financing.

MARKETING

Insight into the principles of marketing, sound marketing strategies and the opportunities for marketing property.

VIABILITY, FEASIBILITY AND VALUATION

Assessment of the viability of projects. The segment on valuations will examine the broad economic principles of property valuations and the difference between cost and value.

CONTRACTS & TENDERS

Topics include: Bills of Quantities, different types of building contracts, competitive tenders and negotiated contracts, competitive negotiation, how to reduce the overall planning and building period, and the standard building contract.

TOWN PLANNING

Participants will be taken through the whole planning process, including procedures. The course gives an introduction to town planning and the establishment of townships, examines the legislative framework, the controls and design standards within which planners must work.

PROPERTY MANAGEMENT

This segment deals with the management of income producing properties: commercial and industrial (factories, offices, shopping centres), residential, parking garages.

PROPERTY LAW

A review of legislation applicable to all property matters, including property legislation.

PROPERTY TAXATION

The principles and practicalities of taxation as they affect purchases, the sales of property, the design of buildings and complexes, and property management, including VAT. Possible future taxation scenarios as they affect property will also be discussed.

STRATEGIC THINKING – DOING BUSINESS IN THE CHAOTIC WORLD

A pragmatic process of strategic thinking in order to help participants contextualise the inevitable challenges and opportunities of the future market place.

PROJECTS

The culmination of the course is the application of principles learned on the course to a theoretical property development in or around Cape Town. In addition, case studies and daily projects are set.

OTHER MODULES

The course will also include other subjects such as:

Introduction to property development
Design technology
Property and the environment
Financial feasibility
Valuations
Property economics
Risk management
Asset management
Property financing methods
Facilities management
Property research
Negotiation skills
Tourism
Property Development and how to drive entrepreneurial development

Background to the Sapoa Educational Programmes

Each year, SAPOA – in conjunction with various tertiary Educational Institutions – presents a range of short courses and training programmes in commercial property.

The PDP course is designed to meet the needs of middle and senior management positions in the commercial property industry.

The PDP course has been recorded with SAQA (South African Qualifications Authority) and is awaiting approval. You may now claim the approved rebate from the Services SETA, on the cost of the course, thereby making it more attractive to employers for staff training.

NB. Are you registered with the Services SETA, if not you need to register with them now.

The number of delegates attending each course is limited, and it is recommended that application forms are processed and submitted urgently in each instance.

The attached pages provide a synopsis of the Property Development Programme, as well as a registration form.

Please make copies of the registration form for your own records.

Course Date & Closing Date for Application

Course Fee (VAT Inclusive)

Tuition:
SAPOA Members: R17 923.00 per person including VAT
Non-Members: R23 134.00 per person including VAT
Accommodation:

Option 1: Dinner, room with private bathroom and breakfast:
R7 618.00 VAT inclusive for 13 nights

Option 2 :Dinner, room with shared shower and breakfast:
R5 018.00 VAT inclusive for 13 nights

Very Important Please Read Carefully

Applications

The closing date for applications is 30 March 2006.

The emphasis on the PDP course is interactive participation, therefore the number of delegates on the programme is limited to 64. Due to the high standard of this course, the organisers reserve the right to select the appropriate delegates to attend this course.

The composition of the groups is as balanced as possible, with regard to the disciplines from which the participants are drawn.

Applicants will be advised of their acceptance by the end of April 2006 and will be supplied with all relevant information well in advance of the programme starting date.

Cancellation Policy

Cancellations for the course must be received not later than three weeks before the course starts. In the event that the organisers cannot find a replacement, no refund will be made.

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