Select a commercial property portfolio that is for sale or you have some knowledge of through personal or professional contacts. The portfolio should ideally be a shopping centre, industrial estate, parade of shops or similar. A collection of individual properties is unlikely to be suitable for the successful completion of the coursework.
You should emphasise the missed opportunities that you can take advantage of to add value. Clearly, identifying a portfolio that has the potential for you to show your vision and entrepreneurial flair is crucial.
You will see problems that can be solved and must report on these, but the emphasis in this coursework is to see those extra things that can be done. Of course, your ideas for improving the portfolio should be extensive and innovative.
The portfolio must give you the capacity to fulfil all assessment criteria and achieve the best mark possible.
This coursework carries 50% of the module marks. Up to 2,500 word maximum please
The extent to which the student demonstrates that he/she is able to:
Accurately describe the key characteristics of a commercial property portfolio, including preparing a comprehensive and accurate tenancy schedule.
Use property management practice to add value through sound management and innovative ideas.
Demonstrate a clear understanding of the law that affects commercial property management decision making.
Commercial Property is an asset that can have value added to it through positive estate management.
This simple statement summarises the approach to Semester 2 of this module.
Rarely are commercial estates neglected, but there is a huge difference between managing a situation, problem solving and just doing enough, compared to seeking opportunities to add value and really sweating the asset.
Commercial property is constantly in the news, for example there is much debate about the impact of internet shopping and the future of our high streets. Other topical issues such as commercial leases lengthening and fewer tenants opting to exercise break clauses demonstrates that standing still in commercial property management is not an option.
This second half of the module gives students a grounding in commercial property management theory and an in depth practical appreciation of the law and procedures that that set the context for its management.
This important part of the core module will help to prepare students for employment across a broad range of property disciplines that are affected by the management of commercial property.
The practical application of property management through case studies is an important aspect of this module i.e. what would you have done into that situation?
Students can more easily appreciate the important relationships between development, management and investment, through the application of statute, case law and the various elements of guidance provided, for example by the RICS and Central Government.
This part of the module encourages pro-active management, to add value, which is also reflected in the coursework and teaching programme. Examples are the extension of Building Information Management procedures and databases to cover commercial property management and opportunities to add value from outside a portfolio.