Module BUSI4ZH15: REAL ESTATE MANAGEMENT AND VALUATION

Department: Management and Marketing

BUSI4ZH15: REAL ESTATE MANAGEMENT AND VALUATION

Pre-requisites

Corequisites

Excluded Combinations

Aims

• To enable students to acquire and demonstrate a specialist knowledge and understanding of real estate management in the corporate context and its valuation.

Content

• Corporate Real Estate Management.
• Real Estate Portfolio Management.
• International Real Estate Valuation.

Learning Outcomes

• Upon successful completion of the module, the students will have a specialised knowledge and critical understanding of:
• the process and function of real estate management;
• the assessment of real estate in the corporate context;
• the critical role of real estate to non-property companies;
• the need to develop a real estate strategy for non-real estate companies;
• the international financial reporting standards with regard to real estate;
• the conceptual idea of real estate management;
• strategy development for real estate portfolios;
• the controlling and valuation of real estate portfolios;
• issues in the international valuation of real estate;
• valuation according to the standards of the Royal Institute of Chartered Surveyors, the European Group of Valuers Associations (TEGoVA), the International Valuation Standards Committee (IVSC) and the Appraisal Institutes (AI).

• Upon successful completion of the module, the students will have developed specialist skills in the application of real estate portfolio management tools.

• Written communication; Interpersonal communication; Oral communication; Teamwork; Planning, organising and time management; Problem solving and analysis; Using initiative; Computer literacy.

Modes of Teaching, Learning and Assessment and how these contribute to the learning outcomes of the module

• Learning outcomes will be met through a combination of lectures, group work, case studies, class exercises and discussions, supported by guided reading.
• The assessment of the module by written assignment is designed to:
• test the acquisition and articulation of knowledge and critical understanding;
• test skills of application and interpretation.

Teaching Methods and Learning Hours

Summative Assessment

Formative Assessment

Classroom-based exercises involving individual and group analyses and presentations on specific business situations/problems relevant to the learning outcomes of the module. Oral and written feedback will be given on a group and individual basis as appropriate.