|Full time||1 year||Short intensive blocks||September 2015|
|Part time||2 years||Short intensive blocks||September 2015|
This is an innovative degree designed primarily for people working or wanting to work in the real estate sector either in the UK or beyond who are seeking to gain a high-level head start. The reflective practitioner at junior or middle-management level can study individual modules to meet CPD requirements or to enhance their academic qualifications.
The course will enable you to develop key research and analytical skills alongside your practical competencies. By allowing flexibility in curriculum choice you can deepen your knowledge within focused areas of investment, asset management or development. You will study six modules, which have been designed to ensure that they align with the core competencies of RICS but which also allow you to pursue your individual interests through the design and execution of your own independent research project. The project culminates in the unique masters conference. There is also an international residential field trip.
Written and oral assignments, practical case studies, research project culminating in the annual masters conference.
You need to accumulate a total of 180 credits for this course, with each module worth 30 credits. Each block of 30 credits should take you around 300 hours to complete. This includes all interactive and private study time, including approximately 2 x 20 hours of face-to-face tuition and the time it takes to prepare the assessment materials.
Please note that this is an indicative list of modules and is not intended as a definitive list.
This module introduces the building blocks of real estate, examining: the players in the market, supply and demand within the key sectors, investor appetite and effect of micro- and macro-economics on the property market. It looks at:
This module also provides students with a critical understanding of the principles of the administrative laws, legal methods, land law and law of obligations (both real and personal) that apply to real estate. It also introduces:
It is taught through a series of lectures and class exercises, and assessment is through assignments supported by online and written materials.
This module will develop your critical understanding of the wide range of valuation approaches and appraisal techniques that are commonly used in practice in the UK and overseas. International investment is growing, so knowing about property-specific cross-border issues is essential. To cement this knowledge, and as central focus for a major group project that investigates commercial real estate markets in a global context, you will take part in a week-long field trip to a major international destination. The module will be taught using a series of lectures, class exercises and the field trip. You will be assessed through assignments and supported by on-line and written materials.
This module gives you a sound grounding in the research principles and methodologies that are commonly used within the built environment. Throughout a series of lectures and seminars, supported by tutorials and exercises, you will be encouraged to:
By the end of the module you will be able to design and initiate a significant individual piece of research. The module will be assessed using a literature review and a research project design.
This module gives you the opportunity to undertake a piece of original work that will act as the 'capstone' project for your studies. By investigating an area that particularly interests you, you will develop a theoretically-informed body of work that integrates theory and practice. This could be a dissertation, a practice project, design or experiment-based project depending on the rest of your programme. The module is supported by a series of lectures and individual tutorials. After you have submitted your project, you will present and defend your findings in open forum at a Masters Students Conference, giving you a chance to practice the skills you will need in your professional work. Assessment is by the main submission and the oral presentation and defence.
The module develops your skills in carrying out property investment analysis, giving you a critical understanding of discounted cash flow variables and performance measures, including investment tactics. It introduces risk analysis within property, and within a multi-asset portfolio, as part of an investment decision process, plus the use of structured finance. It critically assesses indirect real estate vehicles and instruments, their origins, current use for diversification, asset allocation and providing greater liquidity in real estate. This module is delivered in short blocks of lectures, case study exercises and workshops. Assessment is through group portfolio analysis, a critical essay and a cash flow analysis for a real estate investment.
This module introduces you to the key principles of sustainability: social needs and justice, economic prosperity and environmental responsibility. It applies these concepts to the main theories of economics and investment insofar as they relate to real estate, engaging you with current debates in the field. Through this, you will develop a critical understanding of conventional valuation and investment theory and practice. You will also develop a critical understanding of how sustainability principles, regulations, and legal and professional frameworks affect investor and occupier choice, and you will learn to place these within the wider paradigms of environmental and welfare economics. The module is taught through a series of interactive lectures, formative exercises and seminars. It is assessed through an essay, a scenario-based professional report and a synoptic paper.
This module is essential to the study of spatial planning and the decision making processes in the UK that ascertain whether development is to proceed. You will learn about how the legal framework is critically applied, including European provisions and any pending changes providing for the implementation of the system. Land and property development is closely linked with all aspects of planning, so the module also helps you to understand the development process in detail from a developer's perspective. You will explore the way funding packages, development economics and the macroeconomic environment can influence development and planning, including sustainability issues. To do this, you will use case studies and practical examples, possibly including a site visit. You will learn about decision making in practice from a planning perspective through:
Most of the world's population lives in cities, so a critical appreciation of cities – past, present and sustainable future – is essential for those concerned with the built environment. Cities can only be regenerated by integrating well-rounded strategies that encompass the complex socio-economic systems that inhabit and create the urban environment. This module provides a debate on the theoretical concepts of the City, looking at urban, suburban and rural spatial planning contexts. It will show you how to evaluate the criteria that govern the evolution of future sustainable communities.
This module on Commercial Property Practice covers a core skill set of real estate activities that involve commercial property surveyors and practitioners. It will explore in detail the legal, professional and technical aspects of how a real estate surveyor interacts with other professionals, clients and consumers in the owning, holding and use of commercial and mixed use land and property. You will learn through seminars, lectures, support tutorials and exercises, and will apply your knowledge to a range of both academic and practical scenarios. When you have completed the module, you will be able to combine theory and practice to critically appraise and analyse different real estate situations, and provide cohesive and well researched solutions. You will be assessed using two case study exercises, a practical project and a critical assessment essay on a commercial practice area or areas.
This module will consider a wide range of management activities associated with real estate land and buildings. It will consider topics from the activities associated with developing strategic asset policies, and defining and executing corporate real estate management objectives, to appreciating the detailed property and facilities management activities. In particular, you will develop a critical understanding of how the wider concepts of managing the built environment fit together, from high-level strategic policies and activities to the day-to-day activities of delivering practical and workable property and facilities management policies that are set against good practice guidance and leasing structures. You will consider the developing areas of how to integrate sustainable asset and property management policies and the evolving role of state policies, consumer requirements and corporate objectives.
You will have the opportunity to study a foreign language, free of charge, during your time at the University as part of the Kingston Language Scheme. Options currently include: Arabic, French, German, Italian, Japanese, Mandarin, Portuguese, Russian and Spanish.