International Property
Investment |
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| Access
to the module information
When you have sucessfully applied for this course,
and payment received, you will be sent a letter
which will outline the information required for
this module. This will include a direct link to
the private area of the module website. |
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Introduction
This module addresses trends, key features and
issues relating to international property investment.
The module is targeted at property professionals
who understand their domestic market but are less
confident in developing an international investment
strategy. It does not aim to provide a fully detailed
outline of how all the major international property
markets operate. Instead, the aim is to provide
participants with an understanding of how the core
skills in property investment can be applied in
an international context. However case studies and
examples will be used during the module to compare
and contrast domestic and international property
investment processes and practices and provide an
important practical context. . |
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Learning Aims and Objectives
To develop participants’ ability to: |
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Evaluate and contrast the institutional
differences between key international real
estate markets |
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Evaluate current trends in international
capital and investment markets; |
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Analyse investment strategies in foreign
markets based on the balance between risk
and reward relating to investor preferences; |
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Select and apply appropriate data sources
to the task of measuring investment performance
in foreign markets, taking account of the
reliability associated with those data sources.
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Module Requirements
Successful completion of (or exemption from) the
foundation modules. |
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Indicative Content
· Real estate market structures; cross-border
capital and investment flows; investment vehicles;
current trends;
· The role of research
in identifying and applying market data;
· Measurement of risks and returns associated
with currency volatility;
· Market
operation: market size; market liquidity; market
transparency;
· Direct and indirect
investment and the role of listed vehicles in foreign
markets;
· Case-study analysis of investment
strategies.
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By the end of this module, you should be
able to:
· Critically evaluate key data sources;
· Present cogent arguments for and against
international investment strategies;
· Identify and evaluate critical performance
measurement issues relating to international markets;
· Evaluate the role of currency risks and
rewards inherent in international investment;
· Critically evaluate the relative advantages
and disadvantages associated with direct and indirect
investment in overseas real estate taking account
of individual investor profiles.
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Indicative study commitment:
3 days classroom study plus 24 hours preliminary
self-managed study and 4hrs for final take-home
assignment. |
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Recent participating organisations: |
Warner Estate Holdings |
Lehman Brothers |
Dechert |
Workspace Group |
Nelson Bakewell |
Grosvenor |
Morley Fund Management |
Standard Life Investments |
Nationwide Building Society |
Morley Fund Management |
ING Real Estate Investment |
Cushman & Wakefield Healey & Baker |
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Recent Contributors:
Tim Francis – Jones Lang LaSalle
Michael Haddock – CBRE
Nick Tyrrell – JP Morgan
Paul McNamara – PruPIM
Robin Goodchild – LaSalle Investment Management
Chris Millard - Grosvenor
Peter de Haas - PGGM
Neil Turner – Alecta
Richard White – Ernst and Young
Melville Rodrigues – Mayer, Brown, Maw &
Rowe
Paul Kennedy - Invesco
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