CEP - Center of Excellence in Planning

Module 2 - Real Estate Issues

  • Urban development is the result of an unending number of events, decisions and interventions of different interrelated players — not only planners and developers. Based on the reflection of cases and their individual experiences students gain competencies to apply theories, models and methods of systemic management to steer urban development by different types of projects and to develop infrastructure and real estate successful and with positive externalities.

    Regions, net infrastructure, project organizations, built environment and its use (e.g.) are complex, dynamic open systems. Respecting this challenge, students gain competencies to design and implement processes and organizations for the strategic urban management ­ the strategic muddling through. They guide the definition of targets; know the rich toolbox of possible interventions in urban systems - from regulations to the organization of a festival ­ asses the effects of alternating measures, implement what is appropriate for individual and social targets and monitor success.

  • The measurements of demands for real estate products as well as for specific projects (marketability analysis) are subjects of this course.

    Students examine techniques for forecasting demand and supply in specific markets and evaluating sites based on product criteria. Products include residential, hotel, retail, offices, industrial and mixed use properties.

    Final sessions deal with feasibility analysis.

    Real estate development issues are presented in respect of the results of location and market analysis, including due diligence, calculation, feasibility studies, investor presentations, networking and negotiations with potential property managers and investors, selection and leadership of design teams, preparation of LoI, MoU, etc.

  • The course provides an overview of the real estate development process using examples primarily from the European context, and covers the basics of location analysis, product development (“urban product”), development appraisal, market research, construction, marketing and the relationships between the developer, the local government, the tenant (final user), the investor, the financier and the several professions that contribute to the success of development. It introduces the student to the market sectors of housing, retail, business accommodation (office and warehousing), hotels and the concept of mix-use projects.

    Students will learn about the tools involved in planning and managing real estate development. A number of case studies will be used as illustrations and also to trigger discussion. Lessons learned from the past 20-25 years of market transformation in the CEE region will be discussed together with innovative approaches and prospects for real estate (and related urban) development during the times of the global economic crisis.

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  • The course describes real estate as a business of many specializations, the professional organizations, the types of real property, as well as the real estate market. The relationship between real property and the law is explained and the concept of home ownership is described. The students will learn about the interests in real estate and the forms of real estate ownership. The course is interactive and participative and it is illustrated with European and Romanian case studies. The European real estate standards are presented.
    The students will learn about the real estate agency, the types of agency relationships, the customer-level services and the real estate brokerages. The course is interactive and participative and it is illustrated with international and Romanian case studies.

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The Center of Excellence in Planning (CEP) is a private, non-profit organization which supports the “Ion Mincu” University of Architecture and Urbanism (UAUIM) in its international educational and research activities.

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