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BUSI4ZH15: REAL ESTATE MANAGEMENT AND VALUATION

It is possible that changes to modules or programmes might need to be made during the academic year, in response to the impact of Covid-19 and/or any further changes in public health advice.

Type Open
Level 4
Credits 15
Availability Not available in 2024/2025
Module Cap
Location Durham
Department Management and Marketing

Prerequisites

  • None.

Corequisites

  • None.

Excluded Combinations of Modules

  • None.

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

Subject-specific Knowledge:

  • 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).

Subject-specific Skills:

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

Key Skills:

  • 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

ActivityNumberFrequencyDurationTotalMonitored
Full-day sessions combining lectures, group work, case studies, class exercises and discussions28Yes
Preparation and Reading122 
Total150 

Summative Assessment

Component: Individual Written AssignmentComponent Weighting: 50%
ElementLength / DurationElement WeightingResit Opportunity
Individual Written Assignment2,000 words (max)100 
Component: Group PresentationComponent Weighting: 50%
ElementLength / DurationElement WeightingResit Opportunity
Group Presentation30 minutes100 

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.

More information

If you have a question about Durham's modular degree programmes, please visit our Help page. If you have a question about modular programmes that is not covered by the Help page, or a query about the on-line Postgraduate Module Handbook, please contact us.

Prospective Students: If you have a query about a specific module or degree programme, please Ask Us.

Current Students: Please contact your department.