The module aims to deepen students understanding and knowledge of real estate asset management enabling them to analyse at strategic, corporate and property levels strategy methods which improve responsible investment and operational performance. It will examine the dynamics and trends that arise due to the occupation of buildings enabling these corporations and businesses to flourish, assessing how landlords and tenants react to the economic cycle and societal change and the impact this has on the design, tenure and management of these spaces. Tutorials and workshops will support lectures for student focused learning. It is assessed by group and individual work which may be centred on practical site visits and a short residential field trip.
On successful completion of the module, students will be able to:
Lectures will be given to introduce topics or complex knowledge and to guide students in directed reading and research. Tutorial sessions will provide the opportunity to work through any problems on a small group basis, better to reinforce understanding of concepts and techniques. Workshops will contribute interactive learning and skills application for individual assessments and IT facilities will be used, as appropriate, for the sessions in which students are expected to be active learners. A short residential field trip and site visits will be undertaken where appropriate to support coursework in helping students to develop and apply their theoretical studies to practical scenarios in order that principles can be reinforced and application demonstrated.
| Definitive UNISTATS Category | Indicative Description | Hours |
|---|---|---|
| Scheduled learning and teaching | Lectures (presentation) Tutorials & Workshop Field Trip and site visits (to support learning) | 22 44 6 |
| Guided independent study | Applied reading, preparation for lectures, tutorials, site work and surveys, preparation and completion of assessments. | 228 |
| Total (number of credits x 10) | 300 | |
This module will require students to pull together learning from all elements of the taught course and assessment forms one of the 2 Level 6 Capstone Projects, the other being the Research Project module. Assessment will be through coursework which will typically comprise a group report of 4,000 words in which individual contributions will be assessed as well as the ability to work as a team, and an individual reflective essay (2,500 words) which will test technical content in relation to current issues, academic writing and research skills appropriate to Level 6 and require students to draw upon their learning throughout the programme. The report will involve an assessed oral presentation and a set of minutes of group meetings. Formative feedback will begiven to students through tutorial sessions as coursework submissions are developed and in response to short formative exercises. A short residential field trip to a major UK or European city is undertaken within this module and additional and site visitsmay be undertaken where appropriate. These elements of the assessment will test both knowledge and understanding and the ability to engage in a positive way with the challenges of the subject material. Independent learning skills will be developed throughout the module through directed reading, to supplement formal teaching and will be necessary to achieve the learning outcomes.
| Learning Outcome | Assessment Strategy |
|---|---|
| 1) Appreciate the role of property within business, private and public sectors as an investment and operational asset. | Individual essay |
| 2) Show knowledge and critical understanding of the characteristics of property users and the ways in which management of relationships with stakeholders can be facilitated. | Presentation, group report Individual essay |
| 3) Understand organisational objectives and to develop a strategy for property management. | Presentation, group report Individual essay |
| 4) Formulate strategies for property lease management. | Presentation, group report Individual essay |
| 5) Articulate and critically examine the methods of acquisition, disposal and letting of commercial property assets and the criteria for retention, refurbishment and redevelopment. | Presentation, group report Individual essay |
| 6) Debate succinctly and with knowledge current topical issues prevailing in connection with commercial property management | Individual essay |
| Description of Assessment | Definitive UNISTATS Categories | Percentage |
|---|---|---|
| Group report (4,000 words) | Coursework 1 | 40% |
| Presentation | Practical Exam | 10% |
| Individual essay (2,500 words) | Coursework 2 | 50% |
| Total (to equal 100%) | 100% | |
It IS NOT a requirement that any major assessment category is passed separately in order to achieve an overall pass for the module.
Dent, P., Patrick, M. and Ye, X. (2012) Real Estate Property Markets and Sustainable Behaviour. London: Routledge.
Edwards, V. and Ellison, L (2004) Corporate Property Management. Oxford: Blackwell Publishing.
Haynes, B and Nunnington, N (2010) Corporate Real Estate Asset Management. Oxford: Elsevier.*
Horner, D. (2013) Accounting for Non-Accountants. London: Kogan Page.
Scarrett, D. (2011) Property Asset Management.3rded. London: E&F Spon.*
Bannister, E. (2008) Commercial Leases: A Surveyor's Guide 2009. Coventry: RICS Books.*
Banfield, A. (2005) Stapleton's Real Estate Management Practice. 4thed. London: Estates Gazette. *
Sweeney, G. (2011) Real Estate: The Sustainable Investment Sweeney and Gordon. [Online]. Available at:www.thesustainableinvestment.com.
Lorenz, D. (2007) The Application of Sustainable Development Principles to the Theory and Practice of Property Valuation. Karlsruhe: Karlsruhe University.
RICS (2011) Commercial Property Management.Coventry: RICS.*Details of further reading will be supplied within the Module Guide issued at the start of the Teaching Block.
*Also indicative for LP5105, LP5106