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Durham University

Postgraduate Module Handbook 2021/2022

Archive Module Description

This page is for the academic year 2021-22. The current handbook year is 2022-23
No such Code for pgprog: N1KM07

Department: Management and Marketing

BUSI4ZH15: REAL ESTATE MANAGEMENT AND VALUATION

Type Open Level 4 Credits 15 Availability Not available in 2021/22
Tied to N1KM07

Prerequisites

  • None.

Corequisites

  • None.

Excluded Combination 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

Activity Number Frequency Duration Total/Hours
Full-day sessions combining lectures, group work, case studies, class exercises and discussions 28
Preparation and Reading 122
Total 150

Summative Assessment

Component: Individual Written Assignment Component Weighting: 50%
Element Length / duration Element Weighting Resit Opportunity
Individual Written Assignment 2,000 words (max) 100%
Component: Group Presentation Component Weighting: 50%
Element Length / duration Element Weighting Resit Opportunity
Group Presentation 30 minutes 100%

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.


Attendance at all activities marked with this symbol will be monitored. Students who fail to attend these activities, or to complete the summative or formative assessment specified above, will be subject to the procedures defined in the University's General Regulation V, and may be required to leave the University