CONS06030 2019 Commercial Property Management

General Details

Full Title
Commercial Property Management
Transcript Title
Commercial Property Management
Code
CONS06030
Attendance
N/A %
Subject Area
CONS - Construction
Department
CENG - Civil Eng. and Construction
Level
06 - NFQ Level 6
Credit
05 - 05 Credits
Duration
Semester
Fee
Start Term
2019 - Full Academic Year 2019-20
End Term
9999 - The End of Time
Author(s)
Barrie Cox
Programme Membership
SG_SPROP_C06 201900 Higher Certificate in Science in Property Services and Facilities Management SG_SPROP_E06 202000 Certificate in Property Services
Description

The module provides the student with an understanding of commercial property both from an operational and asset perspective. It also provides an overview of the role commercial property can play in the business environment if successfully managed.                                                          

The aim of the module is to familiarise students with the concepts of operational and asset management and to identify the links between them. It also aims to ensure that students will understand the role of commercial property in the context of business and the issues that the commercial property manager will face in practice.

Learning Outcomes

On completion of this module the learner will/should be able to;

1.

Demonstrate an understanding of the role of that the commercial property market can play in the business environment, if successfully managed

2.

Demonstrate an awareness of the differences between commercial property held for operational purposes and those that are held as assets

3.

Describe the business issues that a commercial property manager will face in practice

4.

Describe and comprehend the emerging trends influencing corporate real estate management

5.

Demonstrate an understanding of property development and the role of the key professions involved

Teaching and Learning Strategies

Lectures, tutorials, seminars and continuous assessment

Module Assessment Strategies

Continuous Assessment (40%) and Final Exam (60%)

 

Repeat Assessments

Repeat Continuous Assessment and/or Final Exam

Indicative Syllabus

This module may include, but is not limited to, the following topics:

  • The importance of Corporate Real Estate Management
  • Concepts of operational and asset management
  • Links between operational and asset management
  • Real estate in the context of business
  • Renting V ownership
  • Lease covenants and property management
  • Emerging trends in corporate real estate
  • Property development

Coursework & Assessment Breakdown

Coursework & Continuous Assessment
40 %
End of Semester / Year Formal Exam
60 %

Coursework Assessment

Title Type Form Percent Week Learning Outcomes Assessed
1 Continuous Assessment Continuous Assessment Assignment 40 % Any 1,2,4,5
             
             

End of Semester / Year Assessment

Title Type Form Percent Week Learning Outcomes Assessed
1 Final Exam Final Exam Closed Book Exam 60 % End of Semester 1,2,3,4,5
             
             

Full Time Mode Workload


Type Location Description Hours Frequency Avg Workload
Lecture Not Specified Lecture 3 Weekly 3.00
Independent Learning Not Specified Independent Learning 4 Weekly 4.00
Total Full Time Average Weekly Learner Contact Time 3.00 Hours

Online Learning Mode Workload


Type Location Description Hours Frequency Avg Workload
Online Lecture Not Specified Online Lecture 1 Weekly 1.00
Directed Learning Not Specified Directed Learning 1 Weekly 1.00
Independent Learning Not Specified Independent Learning 4.84 Weekly 4.84
Workshop Not Specified Workshop 0.16 Weekly 0.16
Total Online Learning Average Weekly Learner Contact Time 2.16 Hours

Required & Recommended Book List

Required Reading
2010 Rent Adjustment and Tenant Default in English and German Commercial Property Leases Peter Lang
ISBN 3631609493 ISBN-13 9783631609491

In recent years, real estate investment has witnessed an unprecedented internationalisation. However, national markets largely continue to be shaped by domestic law and local business practices. This book provides a comparison of the British and German property markets, which are Europe's most important, and discusses key elements of the economics of leasing. Applying the theory of long-term contracts and the economic analysis of bankruptcy law to leases, it examines in detail the regulations pertaining to rent adjustment and tenant default, which can substantially impact investment performance. The prevailing rent adjustment mechanisms such as rent review and indexation are discussed. A comparison is made of the remedies available to landlords of defaulting tenants under both jurisdictions.

Required Reading
1994 Estate Management Practice
ISBN 0728202093 ISBN-13 9780728202092
Required Reading
2009-02-12 Corporate Property Management John Wiley & Sons
ISBN 9781405147842 ISBN-13 1405147849

Corporate property is routinely identified as the second biggest cost within a business organization after staff. Effective management of such a major asset requires a fundamental understanding of both the operation of the property markets and the operational requirements of the business occupier. This primer on strategic property management focuses on how property held as a corporate asset can be used to add value to the primary business activity of an organization. Rather than separate the needs of the business form the management of the business estate, the aim of Corporate Property Management is to enable the reader to directly support the primary business function through strategic management of corporate property, thereby adding value to the business as a whole. The book introduces a generic framework designed to assist in the analysis of any corporate property portfolio, working as a practical aid to decision making. The book is structured around this framework, providing a detailed review of its application and uses. This is then developed further through extensive use of five in-depth case studies that covers a wide variety of property types and property users Borders bookshops; Cancer Research high street shops; The Youth Hostel Association; Clifford Chances move to Canary Wharf and the Ardtornish Rural Estate in Scotland.

Required Reading
2002-11-01 Property Asset Management Taylor & Francis
ISBN 9781135823368 ISBN-13 1135823367

Property has unique characteristics, both as an investment and as an operational holding. A thorough understanding of this dual role is needed by professionals responsible for maximising a property's full potential. Property Asset Management emphasizes the need for a strategic plan in property management as well as for efficient day-to-day practice.

Module Resources

Non ISBN Literary Resources

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Journal Resources

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URL Resources

RICS www.rics.org

SCSI  www.scsi.ie 

Other Resources

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Additional Information

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