Global Master in Real Estate Development - Study Plan

Key Innovation Factors And Investment Strategies For Sustainable Cities

Focused on you - so you can focus on the future

This 15-month part-time Master combines face-to-face and online sessions—making it compatible with students’ professional and personal lives. The program comprises four terms packed with global knowledge and experiences.

 

We will enjoy five weeks of face-to-face sessions in different cities. The first two will be in Madrid, allowing students to get to know the university, professors, colleagues, and the vibrant IE community.

At the beginning of the second semester we will spend one week in Mexico City and there will also be two optional “global immersion city” weeks with The Urban Future Global Conference (UFGC), face-to-face or online. This will allow students to learn about the urban future. The last two weeks will be spent in Madrid, where students will prepare their hands-on capstone project and present it to a professional jury. Students will work at real-world sites provided by C40 Reinventing Cities.

After graduation, there will be an optional trip to London. By visiting top-notch projects, and meeting private and public stakeholders at each location, this program will give students the necessary tools to help them build a network of contacts to succeed in their international Real Estate careers.

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PROGRAM DRIVERS

GLOBAL PERSPECTIVE OF REAL ESTATE DEVELOPMENT

Know how international players work to understand and multiply opportunities.

INNOVATION & DIGITAL TECHNOLOGIES

Innovation and digital technologies used in the analysis of critical Real Estate principles and practices, not only in the private sector, but also in public-private partnerships.

SUSTAINABILITY & RESILIENCE

Sustainability and resilience as key factors of Real Estate projects focused on the best practices with reference to the UN’s Sustainable Development Goals (SDG’s) and the 2030 agenda.

CITY & URBAN FUTURE

The city and urban future explore how to reinvent and grow the city to face the many challenges that lay ahead. What does the city of the future look like?

STUDY PLAN

In this program, you will gain additional skill sets to wholly understand the Real Estate business; coordinate multidisciplinary teams, identify global opportunities, become a leader of Real Estate projects and resolve complex problems.

Real estate development is constantly evolving. Join our masterclasses with industry experts such as Raul Lores, Tom Miller and Iben Falconer to stay ahead of the curve.

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MODULES OF THE PROGRAM

Throughout four terms, we offer five interrelated modules. Each term includes a transversal, practical case study so students can apply what they have learned.

Real Estate Development: Innovation & Sustainability

In the last decade, the real estate development sector has gone through remarkable transformations. The implementation of new technologies has allowed the development of smart cities and buildings that gather and create information. Key elements for this module include the use of digital data to value assets and real estate business, real estate management in a global environment, the industrialization of the sector and buildtech as a crucial tool for this domain.

Moreover, we will look at the development and implementation of sustainable real estate as a means of creating new green developments, with low-carbon emissions, as well as affordable real estate and public-private partnerships.

Taking a holistic approach to the projects, this module will give students a 360-degree vision of real estate development within the international guidance of the RICS (the Royal Institution of Chartered Surveyors) accreditation. This is combined with general management techniques to work with organizations involved in property development and take specific actions in real estate business.

Business Valuation and New Technology

Discover how to value a Real Estate project in terms of assets and profitability. Students will also explore due diligence, valuation types, comparables, and how to use data for project and business analysis.

  • TERM

    1

  • SESSIONS

    15

Project Development, Sustainability and Innovation

Explore every stage of the development process, from uses and licences to project delivery and exit. This course will also cover the function of a developer and how to evaluate a project’s sustainability.

  • TERM

    1

  • SESSIONS

    15

Management of Real Estate Development Companies

Learn about the governance structures and operational needs of global Real Estate companies. Focusing on these companies’ objectives, the course will follow a comparative approach based on real examples from international players.

  • TERM

    2

  • SESSIONS

    9

Project Management and Sustainability

Take a hands-on approach to Real Estate project management from development to execution. Students will discover how to engage with key stakeholders, the role of technology and how to implement sustainability strategies.

  • TERM

    3

  • SESSIONS

    8

Cost Control and Build Tech

Explore tenders and procurement procedures for a development, while analyzing and comparing various construction company bits. This course will also cover future-proof cost control and new construction methods.

  • TERM

    3

  • SESSIONS

    6

Affordable Real Estate

Explore different types of affordable housing and Real Estate projects, touching on developers’ expected returns and new ideas for affordable projects.

  • TERM

    4

  • SESSIONS

    6

Real Estate Public Private Partnerships (PPP)

In this course, students develop an in-depth understanding of PPPs, including business objectives, shareholder participation, operations, social bonding and public impact. Other topics include uses and types of PPPs in cities, as well as their profitability.

  • TERM

    4

  • SESSIONS

    9

Real Estate Investment: New Rules for Global World

The Great Recession in 2008 changed the way we invest in real estate and forced us to look at financial and investment criteria from a different perspective. New quantitative technologies for collecting and processing data, such as blockchain platforms and smart contracts, are digitalizing real estate markets and affecting traditional investment ecosystems like banks, brokers and lawyers. Through cryptocurrencies, a new concept for liquidity and managing costs has been created. Debt and financing, risk measurement, investment models for private equity, green finances and financial analysis from a public-private partnership are essential elements of this module.

The focus will be on responsible investments, the relationship between investors and policy makers, and low-carbon opportunities in real estate. We will use tools like the Sustainable Development Goals (SDGs) and learn to evaluate the impact of ESG in investment.

IE University is an all-time leader in the field of economics and finance. With the support of IE Business School’s faculty, this module will offer complete and innovative insights into real estate investment.

Investment Fundamentals and Capital Markets

Understand the foundations of Real Estate investment analysis, covering cash flows, business plans, project finance, capital stack project returns, and transaction risk and mitigations. Students also explore types of returns based on investor profile and asset management challenges.

  • TERM

    1

  • SESSIONS

    8

Macroeconomics and Real Estate

As macroeconomic factors affect the business cycle and property market, it’s important to understand key indicators such as GFP, inflation and unemployment. After exploring this, students can better anticipate policy decisions that may affect real assets, business and property values.

  • TERM

    1

  • SESSIONS

    6

Real Estate Modeling

Learn to construct a Real Estate financial model for viability analysis to develop or redevelop assets. Students also investigate sensitivity analysis, which will enhance their Real Estate financial analysis, error-checking skills and underwriting processes.

  • TERM

    1

  • SESSIONS

    16

Real Estate Finances and New Technology

Enhanced data collection and processing is providing access to blockchain platforms and smart contracts for Real Estate professionals, and affecting traditional investment ecosystems. Students gain new tech skills for this reality, while exploring new methods for liquidity and managing costs.

  • TERM

    2

  • SESSIONS

    12

Financing, Debt structures and Green Finance

Third-party financing is common in Real Estate. This course examines traditional financing and more complex debt structures to better pursue the correct forms of financing for specific cases. Students also explore urban Real Estate green finance, business and property values.

  • TERM

    2

  • SESSIONS

    6

Private Equity in Real Estate

Gain a comprehensive overview of the global private Real Estate asset classes. In this course, students explore main investment strategies, fund structures and key investor risks depending on asset class. Examine capital sourcing for private Real Estate funding, and the different types of capital.

  • TERM

    3

  • SESSIONS

    10

Management of Distressed Assets

Global crises have given rise to distressed assets from failed banks and other financial institutions, generally involving the purchase of non-performing debt (NPL) with Real Estate as collateral. Students explore how to effectively manage distressed debt investment.

  • TERM

    4

  • SESSIONS

    9

Public-Private Partnerships Finances

With Public-Private Partnerships having grown in recent years, this course explores their pros and cons as an instrument to develop cities, alongside analyzing the tools to measure profitability, financial analysis and models.

  • TERM

    4

  • SESSIONS

    8

Cities & Urban Future: Different Ways To Inhabit The City

This module explores how to develop cities with new ideas of habitability and public-private collaboration. Cities around the world are facing a great challenge. According to the UN, in 2050, 68% of the population will live in cities. Migration will affect the urban landscape as we know it. Our habitats need to be reinvented if they’re to adapt to the challenges that lie ahead. COVID-19 has already greatly affected global cities, forcing them to rethink how they use public spaces.

We will also have to reinvent social interaction, under the guidance of the UN Sustainable Development Goals, to make cities more environmentally friendly and resilient. The relationship between real estate, sustainability, and cities sits at the core of this module.

Global Cities and Smart Real Estate

Real Estate will play a key role in defining smart cities, driven by tech-based urban innovation. In this module, students discuss how it should be developed and investigate the data tools that stakeholders will be using to inform the development, construction, and management of property assets.

  • TERM

    1

  • SESSIONS

    15

Urban Development and the City

Analyze sustainable solutions to tackle expected urban growth based in Real Estate. Students will discover how to develop innovative solutions and think about our urban future by comparing projects from different cities.

  • TERM

    2

  • SESSIONS

    6

Architecture and Urban Future

Architecture can add value, create memorable cities and respond to changing demographics and needs. In this course, students discover how quality architecture can contribute to resilient, net-zero buildings through the use of new materials and construction methods.

  • TERM

    2

  • SESSIONS

    15

City Sustainability and Resilience

With sustainability, resilience and transformation taking center stage in today’s market landscape, students discover how to apply these concepts to city development. Learning outcomes include understanding trade-offs and synergies between resilience and sustainability for enhanced decision-making.

  • TERM

    3

  • SESSIONS

    10

Real Estate Ecosystems

Coordinated Real Estate ecosystems will have the most positive outcomes in the development of cities of the future. Students discover how biodiversity, mobility, water, energy and other factors play a part in developing a circular economy.

  • TERM

    4

  • SESSIONS

    10

International Legal Framework

In collaboration with IE Law School, as well as legal experts with experience in the field, this module will provide students with a thorough understanding of international legal principles and frameworks. Students will experience firsthand what it is like to analyze and deal with the legal aspects of real estate development and investment agreements.

Introduction

In this module, students analyze the global legal principles of Real Estate. Other topics include contrasting assets deals against share deals, as well as the types of investors and legal vehicles present in Real Estate.

  • TERM

    1

  • SESSIONS

    2

Global Legal Frameworks for Acquisitions and Property Finance

Explore the types and structure of acquisitions. Students will gain frameworks to properly carry out their legal due diligence, while also exploring commercial leases—a fundamental part of the legal side of Real Estate projects.

  • TERM

    2

  • SESSIONS

    15

Construction Agreements and Urban Development

Develop an in-depth understanding of the legal side of Real Estate financing relating to investment profitability. This course also covers tools for structuring finance contracts, customary securities and refinancing previous leverages, alongside introducing construction agreements.

  • TERM

    3

  • SESSIONS

    22

Worldwide Real Estate Projects C40 Reinventing Cities

For the final project students will form multidisciplinary teams, in which they will decide on a project that they will then develop and present in front of a jury of investors and professional developers. This will be a real-world project, inspired by the international urban contest—Reinventing Cities— which is run yearly by the C40 Cities thinktank.

C40 Cities will provide students with some projects in which they will need to solve ten sustainability challenges with a holistic approach, making use of the knowledge they have acquired during the program.

What Makes Our Program Unique?

Beyond the Terms and Modules

CASE STUDY LEARNING APPROACH

Case studies are drawn from real-world examples of projects or initiatives that present challenges representative of today’s sector. By engaging with these practical cases in all three terms, students are able to develop holistic, problem-solving mindsets, while understanding the relationship between all course subjects.

REAL ESTATE SECTOR ON THE SPOT

Students will have the opportunity to attend guest lectures given by leading sector professionals. They will share their experiences working with projects in Real Estate, investment, cities and public-private collaborations.

INDIVIDUAL FEEDBACK SESSIONS

Students could request individual feedback sessions provided by our world-class faculty. Using their insights, students will be better able to make the most of the program offering, while enhancing their personal skill set.

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A TYPICAL ONLINE WEEK

Lectures & Workshops

More than 20 lectures and workshops are held with professors and leading companies, to delve deeper into the academic content or expand on the work done in class.

Five sessions per day with international faculty

Students have a wide variety of courses from Monday to Friday in different settings. Classes are interactive and include case discussions, team presentations, specific visits and guided group work.

Group work & Presentations

You will discuss and prepare a series of assignments and projects in group, and present them to professors, companies, juries, and peers. Group work is essential to expand and deepen the lessons from different courses.

Visits and Discussions

The F2F sessions include discussions at leading companies and startups in architecture & design, communication, real-estate, project management, and technology. Visits contribute significantly to illustrate concepts and acquire a wider perspective of reality.

Live Video Conferences

On Saturdays from 3:00 p.m. to 6:00 p.m. (CET) students participate in live online video sessions led by professors. IE’s online platform allows for seamless participation, conversation, and an interactive course flow.

Online Forum

Ongoing online conversations are held from Monday to Thursday. Students engage in thoughtful and lively class discussions via online posts that can be published at any time of day, allowing those with busy schedules great flexibility. Professors moderate and encourage
students to delve deeper into the topics covered in class.

Individual Preparation

All syllabi, bibliographies, cases, and other curricular materials are posted ahead of time on our online platform “Campus Online.” Assignments and readings are thoughtfully scheduled to allow for an appropriate workload. You can organize your time to fit your needs.

Group Discussion and Assignments

Students are divided into groups, and work on collaborative assignments throughout the program. Group work, both face-to-face and online, is a fundamental element of the learning experience.

IE ONLINE CAMPUS

The IE Online Campus is a web platform that allows students to access all of the program’s online activities any time they wish from any location. The campus is also accessible from smartphones and tablets.

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