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BU552F: REAL ESTATE DEVELOPMENT AND INTERNATIONAL INVESTMENT (2022-2023)

Last modified: 31 Jul 2023 11:19


Course Overview

The course covers two key aspects of real estate, namely development and international investment. While development is an intrinsically local activity, the drivers of demand to occupy and invest in real estate are increasingly global. Thus, the course first deals with the process of development and then provides the context of globalisation of economies and real estate markets, which underlies the demand for real estate occupation and investment. The course involves a European field trip.

Course Details

Study Type Postgraduate Level 5
Session Second Sub Session Credit Points 15 credits (7.5 ECTS credits)
Campus Aberdeen Sustained Study No
Co-ordinators
  • Dr Fiona Stoddard

What courses & programmes must have been taken before this course?

  • Any Postgraduate Programme (Studied)

What other courses must be taken with this course?

None.

What courses cannot be taken with this course?

None.

Are there a limited number of places available?

No

Course Description

The first part of the course adopts a project-based approach and uses a case study site to consider: the development and construction processes, including legal, physical and ownership constraints; the planning, conservation and sustainability contexts; assessing demand, market trends and marketing; the financing of development; and appraisal techniques for acquisition, sale or valuation, including sensitivity analysis. Students will be introduced to the appropriate sources of information and data. They will produce, in groups, proposals for the development of a site. This covers professional competences assessed by the Royal Institution for Chartered Surveyors (RICS) in commercial real estate. This second part of the course covers the economic globalisation and the consequences for real estate markets. It considers: globalisation of trade and capital flows; globalisation of real estate demand; portfolio financial analysis; international real estate markets; and equity and debt investment vehicles. The theme is the linkages among economies, financial markets and real estate investment, and the consequences. It also considers issues of market maturity and transparency, and compares the institutional contexts in a variety of national markets. The course encourages students to develop numeracy and problem solving skills and good group working practices.

Associated Costs

DescriptionValue
Field trip approximate cost £600 per student paid by the Business School. Additionally, students will be required to pay for their meals throughout the trip. GBP 600.00

Contact Teaching Time

Information on contact teaching time is available from the course guide.

Teaching Breakdown

  • 1 Lecture during University weeks 26 - 35
  • 1 Seminar during University weeks 26 - 35

More Information about Week Numbers


Details, including assessments, may be subject to change until 31 August 2023 for 1st half-session courses and 22 December 2023 for 2nd half-session courses.

Summative Assessments

Report: Individual

Assessment Type Summative Weighting 20
Assessment Weeks 28 Feedback Weeks 31

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Assessment 1: Individual Report – Planning / sustainability / site constraints

Learning Outcomes
Knowledge LevelThinking SkillOutcome
FactualEvaluateUnderstand the linkages among economic globalisation, financial globalisation, integration of real estate occupier and investment markets and the consequences for the global economy.
FactualUnderstandUnderstand the national/local market context within which any development proposal must be made.

Report: Group

Assessment Type Summative Weighting 30
Assessment Weeks 33 Feedback Weeks 36

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Assessment 2: Group Report - Commercial aspects to cover the demand/ marketing and appraisal methods

Learning Outcomes
Knowledge LevelThinking SkillOutcome
ConceptualApplyBe competent in the use of valuation and development appraisal techniques and in the evaluation of the appropriate information required as inputs.
FactualAnalyseContribute knowledge and problem solving ability to group activities.
FactualEvaluateUnderstand the linkages among economic globalisation, financial globalisation, integration of real estate occupier and investment markets and the consequences for the global economy.
ProceduralAnalyseBe proficient in the collation, interpretation, synthesis and preparation of materials from a wide range of sources.

Oral Presentation: Group

Assessment Type Summative Weighting 20
Assessment Weeks 33 Feedback Weeks

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Assessment 3: Group presentation of the final report prepared; 10 minute presentation

Immediate feedback provided

Learning Outcomes
Knowledge LevelThinking SkillOutcome
ConceptualApplyBe competent in the use of valuation and development appraisal techniques and in the evaluation of the appropriate information required as inputs.
FactualAnalyseContribute knowledge and problem solving ability to group activities.
FactualCreateBe able to present analysis and findings for a client’s case orally and in written reports.
FactualUnderstandUnderstand the national/local market context within which any development proposal must be made.
ProceduralEvaluateUnderstand the complexity of issues associated with development including planning, sustainability, legal and financial constraints.

Report: Individual

Assessment Type Summative Weighting 30
Assessment Weeks 44 Feedback Weeks 47

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Assessment 4: Individual report on a topical theme in International Real Estate, linked to the field trip

Learning Outcomes
Knowledge LevelThinking SkillOutcome
FactualAnalyseUnderstand the increasingly international nature of occupier demand, investment demand and development in commercial real estate markets.
FactualEvaluateUnderstand the linkages among economic globalisation, financial globalisation, integration of real estate occupier and investment markets and the consequences for the global economy.

Formative Assessment

There are no assessments for this course.

Resit Assessments

Exam

Assessment Type Summative Weighting 100
Assessment Weeks Feedback Weeks

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Learning Outcomes
Knowledge LevelThinking SkillOutcome
Sorry, we don't have this information available just now. Please check the course guide on MyAberdeen or with the Course Coordinator

Course Learning Outcomes

Knowledge LevelThinking SkillOutcome
ProceduralEvaluateUnderstand the complexity of issues associated with development including planning, sustainability, legal and financial constraints.
ConceptualApplyBe competent in the use of valuation and development appraisal techniques and in the evaluation of the appropriate information required as inputs.
FactualAnalyseUnderstand the increasingly international nature of occupier demand, investment demand and development in commercial real estate markets.
FactualEvaluateUnderstand the linkages among economic globalisation, financial globalisation, integration of real estate occupier and investment markets and the consequences for the global economy.
ProceduralAnalyseBe proficient in the collation, interpretation, synthesis and preparation of materials from a wide range of sources.
FactualCreateBe able to present analysis and findings for a client’s case orally and in written reports.
FactualAnalyseContribute knowledge and problem solving ability to group activities.
FactualUnderstandUnderstand the national/local market context within which any development proposal must be made.

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