Course dates
A 5-day practical programme with case studies and integrated cash flow modelling for analysts, investors, financiers, developers and advisors.
Featuring:
- Property performance measurement and analysis
- Evidence of cycles in European property markets
- Developing cash flow models in a pan-European context
- Investors' approach to different types of property vehicle
- Core vs. developing vs. emerging markets
- Sector analysis: office vs. retail vs. leisure
- Calculating EVA and residual income
- Corporate finance decisions and real estate
- Lease/buy leaseback/structured leaseback decisions
- Single asset returns in a portfolio context
- Tactical and strategic asset allocation
- Impact of gearing and debt finance
Who should attend?
The programme will be of value to investors, analysts, lending and project finance bankers, financiers, developers and advisors. Whilst its focus is primarily on European markets, the techniques and trends studied will also be of use to delegates investing in property markets in other regions.
Delegates are required to bring their own laptop equipped with Excel 2007 or above and USB port.
Course level
This course is aimed at people with several years' real estate development strategy or finance/investment experience. The course puts participants on a steep learning curve, hence the fundamentals of each subject will be covered rapidly before moving onto more complex areas.
Course background
Real Estate continues to attract the attention of funds, banks, corporates and investors looking for diversification and liability matching. However, cross border investment and financing brings risks as well as opportunities. This advanced programme is designed as an integrated series of modules which will increase participants’ understanding of today’s complex and sophisticated process of real estate investment and finance. In addition to expert course tuition, delegates will benefit from a collegial atmosphere, with networking and information-sharing a valuable part of the course.
The programme’s main objective is to give a thorough understanding of the most popular financing and investing structures, as well as the latest thinking in analytical techniques, in a changing and increasingly Pan-European capital markets context. Participants will consider frameworks for decision rules on major capital expenditure commitments in public and private real estate markets, both at the asset and portfolio level.
The recognition and analysis of risk will be a component part of the programme. The programme covers many techniques and tools that can be applied to dealing with and resolving practical, everyday problems. An intermediate level programme covering:
- Investment cash flow analysis
- Public and private real estate vehicles
- Debt and equity securitisation and investment strategy
- Corporate real estate finance and structured leasebacks
- Risk analysis, simulation and real options pricing
- Putting investment into a portfolio context
- Use of debt in a real estate investment context
Centrally located hotel in Paris, Paris, France
This programme takes place on a non-residential basis at a hotel in central Paris. Non-residential course fees include training facilities, documentation, lunches and refreshments for the duration of the programme. Delegates are responsible for arranging their own accommodation, however, a list of convenient hotels (many at specially negotiated rates) is available upon registration.
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Bill Rodney
Bill Rodney
Senior Lecturer, Cass Business School (City University London).
Bill is a chartered surveyor whose career has spanned both private and public sector work. He has worked on large-scale commercial development schemes and major urban regeneration projects. He has also consulted on funding and development strategies for commercial property projects in Europe, Africa, Asia and Australia as well as having extensive teaching experience in the UK, Hong Kong and Malaysia. He has advised on Private Finance Initiatives (PFI) to Central and Local Government Authorities and undertaken research and consultancy projects in development, cash flow analysis and corporate real estate on a range of topics related to business strategy and trends impacting the real estate industry.
He has over 25 years of teaching and training experience, mainly in postgraduate courses such as specialist Real Estate Investment & Finance Masters and MBA programmes and senior manager workshops. During this time he has presented training throughout Europe, Africa and the Middle East for a range of investment managers, corporate advisory teams, legal firms and public sector institutions. His professional training includes being the founding Technical Director and contributor to the Investment Property Forum's Advanced Education Programme, and faculty member on Corporate Real Estate (CRE) Designation Programmes. In addition he served as the RICS delegate to FIG Commission 9 involving speaking at international workshops and conferences. Bill gained his MSc in Real Estate Investment & Finance at City University just before joining the facility and becoming head of department.
Interested in holding this course in-house? Please fill out your details and a member of our team will be in touch with more information.
Course dates