Page 1

London. Business. Masters. Specialist Masters Programme

MSc in Real Estate MSc in Real Estate Investment Full-time

www.cass.city.ac.uk/masters


A global capital buzzing with life and energy. A world centre of business and finance. A melting pot for every race and culture. A forward-looking innovator steeped in centuries of history and tradition. There’s nowhere quite like London. Now imagine yourself at Cass, in the heart of the City, framed against London’s iconic landscapes, immersed in its business centre. What a truly inspiring place to do your Masters.

Pictured: Canary Wharf, a key corporate business hub located in the London Docklands. Previously, the region was once one of the largest shipping ports and hubs of industry in the world.

London. Business. Masters.


02-03


The programme applies the utmost rigour in the analysis of real estate and allows entry into a wide variety of career paths.

MSc in Real Estate

Full-time

The course is aimed at those students who are looking to develop a career in the real estate industry, but who may be unsure of the direction they wish to take. The programme applies the utmost rigour in the analysis of real estate and allows entry into a wide variety of career paths.

Also covered are topics relevant to the analysis and management of real estate assets. Students can choose from a wide range of subjects for their Business Research Project including: real estate development, appraisal, market analysis, investment and securitisation.

This Masters course is designed to provide a broad background in real estate investment, appraisal and development. The core modules provide coverage of a wide variety of areas in real estate including: real estate finance, valuation, development, market analysis and economics.

www.cass.city.ac.uk/realestate

This Masters covers the core concepts and issues relating to both real estate markets and quantitative skills. The second and third terms expand this knowledge base into the relevant areas.

Cass Property Group (CPG) Alumni CPG is an active alumni network, which facilitates networking within the industry, and promotes the sharing of property valuation/real estate finance & investment knowledge. Its members include past and present Cass Business School students, faculty, staff and friends of Cass in the business and academic community. Linked to the Real Estate Finance & Investment Group, CPG is able to draw upon an unparalleled network of industry contacts, many of whom contribute to our Cass programmes as visiting and guest lecturers.

A real perspective

Name: Paul James Kiley Country: UK Course: MSc in Real Estate Before Cass I was working as a consultant for a trading and risk management consultancy. I understood if wanted a change of career direction into the property industry, I would require a RICs accredited degree. I selected Cass as I have seen first-hand how highly regarded the courses are in both the City and property industry. The course has provided a broad knowledge base, meaning I can enter the profession with confidence. I would eventually like to start my own property consultancy. Firstly, I hope to pass my Assessment of Professional Competence and gain industry experience working with Gerald Eve – whose graduate scheme I shall shortly commence.

Get involved cass-masters@city.ac.uk +44 (0)20 7040 8606

Specialist Masters Programme


Student intake by geographical region Europe Africa Asia Americas Middle East

71% 8% 13% 6% 2%

04-05


Information sessions for this course take place all year round. To register for these, please go to www.cass.city.ac.uk/realestatesters

Course structure

A real perspective

The course runs from September until July. Elective modules must be completed by the end of the final term, although you will have until the end of July to complete project work. For module descriptions please visit www.cass.city.ac.uk/realestate Full-time Term I • Property Valuation • Quantitative Techniques in Investment • Real Estate Economics • Real Estate Asset Management Term II • Real Estate Investment and Market Analysis Select any three of the following modules: • Real Estate Finance • International Real Estate Markets • Landlord and Tenant Law • Real Estate Development and Planning • Statutory Valuations Term III • Business Research Project and three electives* *Electives Typical electives include: • European Real Estate Markets • Financial Regulation • Real Estate Development • Real Estate Portfolio and Fund Management • Mortgage-Backed Securities • Residential Investment • Listed Real Estate Vehicles • Real Estate Portfolio and Fund Management

• U  rban Regeneration • Emerging Real Estate Markets • International Field Trip • Real Estate Forecasting.

Name: David Tudor-Morgan David has carved a successful career for himself as Head of Retail Property Management at British Land, where he has worked for almost three years. During the formative years of David’s career, his professional talents were recognised and he was named Young Surveyor of the Year at the company awards of Colliers CRE, a previous employer. “Before coming to study at Cass I was working as a head hunter but wanted to get into an alternative long-term profession and enjoyed property. The programme was a natural step to enable me to get involved and learn more about the industry and a necessary move for me to become a chartered surveyor. It also provided a great knowledge foundation and property network to tap into.”

Electives are shared with other courses and may be subject to change. Core modules in term two require a minimum of 20 students to run, so may be subject to cancellation.

Specialist Masters Programme

Get involved cass-masters@city.ac.uk +44 (0)20 7040 8606


Your route to business success The Real Estate course is accredited by the Royal Institution of Chartered Surveyors (RICS), and will enable graduates to begin the RICS Assessment of Professional Competence (APC) qualification. Alumni of the course have gone on to senior roles in a range of financial institutions, fund management firms and property consultancies. Recent employing companies have included*: ABN Amro Atisreal CBRE Colliers CRE Credit Suisse Cushman & Wakefield Drivers Jonas DTZ Gerald Eve Hyundai IPD Jones Lang La Salle King Sturge Knight Frank KPMG Lambert Smith Hampton Montagu Evans NB Real Estate Rockspring Savills Universal Real Estate

Course duration and Term dates 2010–2011** Induction 13–24 September 2010 Term I 27 September – 3 December 2010 Exams: 10–21 January 2011 Term II 24 January – 1 April 2011 Exams: 25 April – 6 May 2011 Term III 9 May – 17 June 2011 Business Research Project deadline: 1 August 2011

Tuition fees Full-time: £15,000

Admissions contact details For the admissions office contact cass-masters@city.ac.uk or call +44 (0)20 7040 8606 MSc in Real Estate Full-time intake per year: 60 Course Director: Mr George Herd

*Companies represent a cross-section. **Dates and fees are subject to change.

06-07


Specialist Masters Programme


Student intake by geographical region Europe Africa Asia Americas Middle East

MSc in Real Estate Investment

55% 12% 27% 3% 3%

A real perspective

Full-time

This course is aimed at those wishing to enter or advance their careers in the fields of real estate investment management, real estate finance and the securitised real estate markets. It combines the rigour of a mainstream finance course with the direct application of financial theory and techniques in a real estate context. The Masters deals extensively with the growth in the securitised real estate markets of real estate investment trusts and mortgage-backed securities. It also examines the growing real estate derivatives market. The programme is designed for students with relevant undergraduate degrees or work experience and strong quantitative skills. It provides an ideal foundation for those wishing to study for the Investment Management Certificate or the Chartered Financial Analyst examinations. It also offers a route of entry to the UK Investment Property Forum.

The syllabus shares a number of common subjects with the MSc in Real Estate, and covers core concepts and issues relating to both real estate markets and quantitative skills. The second and third terms expand this knowledge base into the appropriate areas for the two courses. The Real Estate faculty at Cass is recognised as one of the leading research groups in Europe both in its high quality Masters programmes, and its industry-leading research and this expertise feeds directly into the Masters programmes. The Real Estate faculty is also the first in the UK to be part of a finance department within a business school. www.cass.city.ac.uk/realestate

Name: Will Elgood Country: UK Course: MSc in Real Estate Investment I heard about Cass though several former colleagues who had studied here. The MSc enjoys a vastly superior reputation in the market compared to those offered by other institutions. Before starting the course I was working in real estate advisory and transaction support. I chose to study for the MSc as the credit crunch offered me an opportunity to reflect on my personal goals and requirements for my next career phase. The scope of the course resulted in my studying more general aspects of finance, portfolio management and quantitative analysis, which are far more advanced than anything I have been exposed to in a work environment.

Get involved cass-masters@city.ac.uk +44 (0)20 7040 8606

08-09


Information sessions for this course take place all year round. To register for these, please go to www.cass.city.ac.uk/masters

Course structure The course runs from September until July. Elective modules must be completed by the end of the final term, although you will have until the end of July to complete project work. For module descriptions please visit www.cass.city.ac.uk/realestate Full-time Term I • Investment Markets • Quantitative Techniques • Real Estate Economics • Real Estate Investment and Financial Analysis Term II • Portfolio Risk Management • Real Estate Capital Markets • Real Estate Modelling and Market Dynamics • Real Estate Debt Markets Term III • Business Research Project and three electives*

*Electives Typical electives include: • Corporate Restructuring Emerging Real Estate Markets • European Real Estate Markets • Finance in Emerging Markets • Financial Regulation • Financial Risk Modelling • Hedge Funds • Housing Economics • International Field Trip

• Mergers and Acquisitions • Panel and CrossSectional Modelling • Private Equity Investment • Project Finance • Real Estate Development • Real Estate Forecasting • Mortgage-Backed Securities Electives are shared with other courses and may be subject to change.

Specialist Masters Programme


Your route to business success The Real Estate Investment course is accredited by the Royal Institution of Chartered Surveyors (RICS), and will enable graduates to begin the RICS Assessment of Professional Competence (APC) qualification. Alumni have gone on to senior roles in a range of property management and consultancy businesses, as well as financial institutions. This course offers a clear route for entry to the Investment Property Forum in the UK. Recent employing companies have included*: Anglo Irish Bank Aviva Investors AXA Real Estate Investment CBRE Citigroup Credit Suisse Curzon Global DBS Real Estate Deutsche Bank/RREEF European Bank for Reconstruction and Development Goldman Sacs Hypo Real Estate Bank ING IPD Jones Lang LaSalle Kam Wing International Macquarie Mayfield Asset Management M3 Capital Partners Moody’s PMA Prudential Royal Bank of Scotland Savoy Stuart UBS

Course duration and Term dates 2010–2011** Induction 13–24 September 2010 Term I 27 September – 3 December 2010 Exams: 10–21 January 2011 Term II 24 January – 1 April 2011 Exams: 25 April – 6 May 2011 Term III 9 May – 17 June 2011 Business Research Project deadline: 1 August 2011

Tuition fees Full-time: £20,500

Admissions contact details For the admissions office contact cass-masters@city.ac.uk or call +44 (0)20 7040 8606 MSc in Real Estate Investment Intake per year: 40 Course Director: Professor Tony Key

*Companies represent a cross-section **Dates and fees are subject to change. Examinations for students may take place during the day and evening.

10-11


Cass Business School The name of City University’s Business School is Sir John Cass Business School, City of London or Cass Business School for short. Sir John Cass’s Foundation The Foundation has supported education in London since Sir John Cass set up a school in Aldgate in 1710. He was born in the City of London in 1661 and served as MP for the City. He was knighted in 1713. In May 2001, the Foundation made a generous donation to the Business School’s new building project and continues to provide ongoing support to the Business School.

Designed and produced by Mosaic www.emosaic.co.uk

Cass Business School 106 Bunhill Row London EC1Y 8TZ Tel +44 (0)20 7040 8600 www.cass.city.ac.uk/masters

Real Estate  

MSc Real Estate - Full-time MSc Real Estate Investment - Full-time