In partnership with
In this 2-day course we will provide a more in-depth overview of the property industry, what property is, what drives it, what people and clients do in it, how they design, build, lease-up, value and invest in real estate and why they invest in certain types. It will explain lease events and lease structures, (un)desirable property features by sector, how it all fits together and how things work.
This course enables you to understand what your colleagues and clients do, what they want and the leasing and investment jargon they use. We provide context on how standard commercial property compares to stocks, bonds and alternative real estate as an investment. Real-life case studies on both days tie everything back together.
Who should attend this course:
This course is aimed at professionals without a formal real estate or surveying qualification who are currently working for banks, property consultancies, planning, architecture and tech companies, data or software providers, law firms and construction companies. The idea is to fill in the knowledge gaps of those seeking to understand the real estate jargon so they can better communicate and influence clients and colleagues.
View our instructors’ profile here.
Duration: 2 days course
CPD Hours: 12h
Maximum number of delegates: 10
Next Dates: 27 & 28 November 2018
Day 1: The formation, analysis and leasing of property markets
Characteristics of commercial real estate
The drivers of the property market
- Clustering together
- The growth of the city core
- …and how it all impacts on rental levels in the end
The growth of cities impacting land values & rents
- Economic base and city growth – what drives this?
- Urban hierarchy & the classification of cities
- Urban Land Value
- Factors driving up pricing
- Cities and rents
Key terms & principles explained
- Who does what: key roles in the industry explained
- The roles of the various market participants (types of investors and their route in)
- Discussion on asset types, market segmentation.
- Discussion on lease structures in UK and abroad, and the types of lease events
- Key words such as covenant strength, inside and outside the act, recoverable vs non-recoverable, service charges, vacancy vs void vs availability, active management, ITZA and much more
- How to assist taking business decisions through using market analysis – top down and bottom up
- Data sources & pitfalls
- Office letting and supply in London
Day 2: Real Estate as an Investment
Drivers of the commercial real estate leasing & investment market
- Drivers of the lettings & investment market
- Investment-related key words
We explain the various types of yields and how to calculate them, and introduce key words such as capital markets, the 4 quadrants, the investment styles, transparency, liquidity, income multiplier, cash flow, obsolescence, market beta etc. We explain the various types of risk.
- Investors’ objectives and constraints
- Financial products and vehicles
- Risk-return profile of stocks, bonds and cash
- Comparing property with major asset classes and alternative real estate segments
This section explains the three main types of property valuation and what tends to be used in the UK, and when and how. It will gets you familiar with the terminology and help you to understand the main valuation methods in a brief overview.
Investment case studies