ARGUS Software

Date*	City	Level	Location

4 Mar 10:00am-5:00pm	London, UK	Standard	ARGUS Software 1st Floor, Churchill House, 142-146 Old Street, London EC1V 9BW Map	Select
9 April 10:00am-5:00pm	London, UK	Standard	ARGUS Software 1st Floor, Churchill House, 142-146 Old Street, London EC1V 9BW Map	Select
14 May 10:00am-5:00pm	London, UK	Standard	ARGUS Software 1st Floor, Churchill House, 142-146 Old Street, London EC1V 9BW Map	Select
4 June 10:00am-5:00pm	London, UK	Standard	ARGUS Software 1st Floor, Churchill House, 142-146 Old Street, London EC1V 9BW Map	Select
5 June 10:00am-5:00pm	Dublin, Ireland	Standard	New Horizons Dublin, Ireland Strand House, 22-24 Strand Street Great, Dublin, Ireland Map Phone: (01) 8898700	Select
8 November 10:00am-5:00pm	Amsterdam, The Netherlands	Standard	New Horizons Amsterdam, The Netherlands Rainbow Offices, Arena Boulevard 61-76, Amsterdam, 1101 DL The Netherlands Map Phone: +31(0)40 2377732	Select

*All times listed are for the local time zone. All classes will be in English.

Valuation Capitalisation Standard 1 Day Agenda

Morning Session

Command Centre
Creating a Portfolio
Creating a Tenant
Retail Tenant Example - ITZA
Cost Schedule (Property Costs)
Traditional Valuation
- Graph
- Equivalent Yield
Discounted Cash Flow
ERV Growth
Exit Value
Reports
Case Study

Afternoon Session

Lease Breaks
Cost Schedule (Break Penalty)
Inflation Groups
Indexation Groups
- Applying Indexation to Tenants
- Rent Schedule with Indexation
Valuation - Froth Over Rent
Create Leasehold Property
- Ground Lease
- Geared Terms
Copy Tenant
Goal Seek
Portfolios
- Valuation
- Cashflow
Case Study

Advanced course
This course comprises two of our new advanced course modules, each module lasts 1.5 hours, as follows:

Advanced Lease Modelling
Develop your skills in modelling complex and varied tenancy details and lease types, including:

Void and rent free assumptions both on current and future leases
Outstanding rent reviews and tenants holding over
Break options and break penalties
Indexed leases, including using inflation groups, specifying anniversary dates and hurdle rates
Modelling stepped rents
Using the lease schedule to review and manipulate the rental income profile
Modelling zoned and non-zoned space and car parking spaces in the Area Schedule and making % adjustments to the rental value
Review of valuation method options and valuation calculations in the Lease Schedule
Froth and over-rented lease valuation options
If time permits, this module will also look at modelling turnover rents, geared ERVs and single/multi-lease renewal options

Discounted Cash Flow and Finance
Learn how to build your cash flow model, using both simple and detailed rental growth and exit value modelling options

Review detailed cash flow options and assumptions and how these impact your cash flow calculations
Generate a cash flow from Present Value and IRR targets
Manipulate the cash flow and customize the cash flow view
Cash flow results, reporting and exporting options
DCF sensitivity analysis, looking at the impact of varying growth and exit yield assumptions on your returns
Build finance into your DCF model to generate geared and ungeared returns, including modelling multiple loans

Analysis
Learn how to use the Analysis module tools to maximum effect, including:

Category analysis - graphical analysis of your portfolio weighting by category
Data analysis - in depth tenant by tenant analysis including weighted average lease expiries, exposure to particular tenants or sectors etc.
Performance and projections analysis - look at the projected performance of each property in the portfolio including performance measures such as total return and capital growth over time for buy/sell/hold decisions
Rent analysis - apply a doomsday scenario to assess the security of your portfolio income
Scenario builder to look at the impact of variable void, MRV and break assumptions on portfolio value and cash flows
Use of tag filters to analyse filtered subsections of your portfolio
Build forecast files to model rental growth and DCF exit yield assumptions by category, then use these in your cash flow projections
Customise your analysis, sort and group data and generate reports

ARGUS Valuation - Capitalisation