University of Surrey - Guildford
Registry
  
 

  
 
Registry > Provisional Module Catalogue - UNDER CONSTRUCTION & SUBJECT TO CHANGE
View Module List by A.O.U. and Level  Alphabetical Module Code List  Alphabetical Module Title List  Alphabetical Old Short Name List  View Menu 
2011/2 Provisional Module Catalogue - UNDER CONSTRUCTION & SUBJECT TO CHANGE
 Module Code: MANM100 Module Title: ASSET MANAGEMENT
Module Provider: School of Management Short Name: MA306
Level: M Module Co-ordinator: SULLIVAN K Mr (SoM)
Number of credits: 15 Number of ECTS credits: 7.5
 
Module Availability
Semetser 2
Assessment Pattern
Group report          50%
Individual Report  50%
Module Overview

This module is designed to develop an understanding of how firms manage their property assets and align this with their overall strategy. In some industries, notably retail and hospitality, the process of the maintenance, improvement and management of property is an essential part of a firm’s activity. The module provides an overview of the process, looking specifically at facilities that have a life-span, where physical aspects need to be regularly regenerated. The module will also provide an overall appreciation of the need for creating and sustaining value over time, focusing especially on the role of asset management.  The concept of business continuity planning is also considered.

 

 

Prerequisites/Co-requisites
None
Module Aims

The aim of the module is to introduce students to some of the key property–related issues when managing existing operations. The module will be approached from the viewpoint of the manager, who needs to manage this complex activity with the aid of specialists both inside and outside his or her organisation.

 

 

Learning Outcomes

1

 

 

K

 

 

Recognize the stages in the generic and cyclical process of managing property

 

 

2

 

 

K

 

 

Comprehend the financial markets within which real estate markets are formed and the quantitative techniques used to appraise real estate within all financial markets .

 

 

3

 

 

C/P/T

 

 

Formulate a property strategy complementing  user requirements with property performance using alternative approaches

 

 

4

 

 

C/K

 

 

Examine the key issues at each stage, and identify possible solutions

 

 

5

 

 

K/P

 

 

Consider the process from the viewpoints of specialists and manage their input more effectively

 

 

6

 

 

C

 

 

Understand how property values can be enhanced by way of active asset management

 

 

7

 

 

K/C/P

 

 

Understand the need for business continuity planning

 

 

Module Content

        Property Markets and the corporate requirement 
Property valuation 
Property investment (inc. real estate investment trusts) 
Property Performance :Evaluation and projection 
Property User requirements 
Strategies for Property Management 
Maintenance and facilities management 
Renovation & expansion programmes 
Business continuity planning 

Methods of Teaching/Learning

 The teaching and learning strategy is based on five weeks of two hour lectures (whole group) to establish the principles, followed by four weeks of two seminars (divided into hotel or retail groups) to demonstrate the application of principles in the specific industry context.

 

 

 

 

The teaching and learning methods include guest speakers and case studies would be used to demonstrate how the key principles apply in practice.  Students will be encouraged to discuss how the concepts apply to property in their geographical location, in order to highlight differences in culture and perceptions.

 

 

Selected Texts/Journals

Expected Purchase 

 

Edwards, V. and Ellison, L. (2004) Corporate Property Management: Aligning Real estate with Business Strategy, Blackwell: Oxford  

 

Recommended 

 

Beals, P. and Denton , G. (200?) Hotel Asset Management: Principles and Practice, American Hotel and Lodging Educational Institute: Lansing 

 

Raleigh, L. and Roginsky, R. (2006) Hotel Investments: Issues and Perspectives, American Hotel and Lodging Educational Institute: Lansing  

 

Ransley, J. and Ingram, H. (2004) Developing Hospitality Properties and Facilities, Butterworth-Heinemann: Oxford .  

 

Stipanuk, D.M. (2002) Hospitality Facilities Management and Design, 2nd ed. Educational Institute of the American Hotel and Lodging Association: Lansing .  

 

Other Indicative Reading  

 

Deakin M.,( 2002) The Transition to Property Management, Estate Gazette Books, London .  

 

Deakin M., (2004) Property Management, Ashgate Publishing Limited, London  

 

Seabrooke W., P. & How H. ( 2004) International Real Estate An Institutional Approach, Blackwell Oxford  

 

Scarrett D. (1995) , Property Asset Management , E & F Spon, London  

Last Updated
15th August 2006