Module counts towards: MSc/PgCert/PgDip Real Estate Finance and Investment

The UWE School of Architecture and Environment are pleased to offer a suite of additional postgraduate level modules in Real Estate Management as continuing professional development (CPD), accredited by the Royal Institution of Chartered Surveyors.  

These modules offer practical application alongside theoretical underpinning to help develop and broaden your knowledge in the topic. 

The modules starting in October are: 

• Real Estate Economics and Valuations
• Real Estate Law
• Strategic Estate Management

This suite also consists of modules that will start in January covering the following topics:  

• Real Estate Investment and Development
• Managerial Finance for the Built Environment
• Sustainability in the Built Environment
• Real Estate Finance and Investment 

Modules are offered as on campus, or as online learning, over an eleven-week period. Please return to the search page and type in the course name to book onto the distance learning option, should you wish to enrol on that instead. You will have access to your learning materials via our online learning platform. If you chose the distance learning mode you will be able to progress through them in your own time, while live webinar sessions will provide an opportunity for you to discuss the materials in more depth.

As this module carries university accreditation, please note that once you have submitted your booking form, you will be required to provide the following supporting information to the administration team for the module tutor to be able to review and formally accept your application as required by the university:

• An up-to-date copy of your Curriculum Vitae (including contact details of a work or academic reference)
• A brief personal statement to support your application
• A copy of your highest qualification certificate and transcript of modules studied
• A copy of photographic proof of ID (i.e. driver's licence/passport). For non UK students, this must be a copy of your passport

• For further information

Email: For specific questions in relation to the course, i.e. content, suitability, assessments, etc. please contact the programme leader Ytzen van der Werf (ytzen.vanderwerf@uwe.ac.uk). For all queries regarding administration aspects of registration, i.e. dates, fees, etc. please contact us using the enquiry form at the bottom of this page or by calling the telephone number below.

Telephone: +44 (0)117 32 81043 (option 1, then option 3)

Content

The module is to be delivered in partnership with Industry, and will cover topics deemed essential to develop a high-level understanding of investment in property from both debt and equity perspectives.

The themes addressed will typically be international in nature, and whilst a UK focus will exist in discussion of practical application, global investment considerations, investment overseas and exchange rate risk will all be specifically addressed.

What does it cover? 

The Who, Why and How of Investing in Property 

• Property as an Investment Class 
• Financing Options and Structuring 
• Risk vs Return 

Debt Capital Markets 

• Loan to Value 
• Interest Rate Cover Ratios 
• Banking Covenants in Loan Documentation 
• Liquidity 
• Residual Positions 
• Ability to Refinance 
• Revolving Credit Facilities 
• Interest Rate Management and Hedging 
• Foreign Investment and Exchange Rate Risk 
• Covenant Strength 
• Accounts Analysis 
• Sector Exposure 
• Tenant Exposure 
• Debt Portfolio Risk Management 
• Development Finance vs Investment Finance Considerations 

Equity Capital Markets 

• SPV investment 
• Portfolio Financing 
• Balance Sheet Lending 
• Debt Clubs 
• Debt Syndication 
• Derivatives 
• Joint Ventures 
• Private Finance Initiative 
• Infrastructure Funds 

The Importance of Qualitative Issues  

• Working relationships 
• Personal judgement 
• Practical Case Studies and Experience from Industry 

What will the course outcome be? 

• Explain the underlying concepts of financial investment and to apply these concepts to real estate as an investment class. Discuss and evaluate the position of real estate as an asset class in the national and global investment market; 
• Choose and compute appropriate calculations to undertake complex financial appraisals on a range of real estate and non-real estate investments. Critically assess appraisal tools and to analyse the results of calculations to produce advice and conclusions for the design and assembly of an investment portfolio containing property; 
• Identify and analyse risk in investment and critically evaluate portfolio and single asset strategies to manage risk including the differentiation of conflicting options and selection and calculation of investment performance indicators; 
• Appreciate the economics of land value creation through development activity and recognise the economic constraints under which development decisions are taken; 
• Critically discuss conceptual models of the planning and development process including the activities, elements, skills and research intelligence involved; 
• Identify and appraise potential development sites, propose optimum development strategy as mediated by national and local planning policy, and critically evaluate their financial viability; 
• Demonstrate knowledge of complex real estate and financial structures, including legal, technical and liability implications. 

Learning and Teaching

This course will be delivered as on-campus seminars with resources available online to support your studies. You will have the flexibility to fit your studies around personal and professional commitments, with access to our learning resources any time. Studying while you work also provides valuable opportunities to apply what you have learned directly to your role.

Our comprehensive learning platform provides your entire course content, and puts you in contact with your tutor and fellow students.

Assessment

We assess your work through a variety of coursework assignments, including essays, reports, surveys and presentations. We also encourage you to do 'formative work' to prepare for assessment. This does not count towards final marks, but the feedback you receive helps improve your performance.

The assessment for this course includes three elements: a multiple choice exam, presentation and professional report.