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Oxford Real Estate Programme

Oxford Real Estate Programme

Industry challenges addressed

The programme will address a series of challenges facing the real estate industry and develop propositions for dealing with them.

Challenge 1 - what issues will shape real estate performance?

  • Technology
  • Globalisation
  • Urbanisation
  • Liquidity
  • Changing occupier preferences

Challenge 2 - do we know what is happening in the occupier markets?

  • Why cities? Which cities? Why are London and NYC accelerating?
  • The economics of real estate rent and prices
  • Changes in occupier preferences
  • The office of the future: flexible working or work as communion?
  • e-commerce and retailing and distribution
  • The sustainability agenda

Challenge 3 - finance: what is the optimal capital structure?

  • The four quadrants - equity and debt, public and private
  • Open-ended funds, private equity real estate and opportunity funds
  • Listed real estate companies and REITs
  • Levels of leverage
  • Using derivatives

Challenge 4: can development make money?

  • Viability and risk assessment
  • Assessing, managing and sub-contracting risk
  • Partnership agreements and JVs

Challenge 5: how should investment portfolios be built?

  • Is Modern Portfolio Theory useful in building portfolios?
  • Finding alpha and beta in real estate funds
  • Can we measure and manage real estate risk?
  • Developed and emerging markets
  • Formal and informal barriers to investment: What makes a country investable and where is the next opportunity?
  • Structuring: managing currency and tax issues
  • Diversification - the data

Challenge 6: what will make your real estate enterprise succeed?

  • What do clients want?
  • Optimal fund structures
  • Fee models that work for both sides

Group case presentations: designing an innovative real estate enterprise

Contact us
Sara Nema
+44(0)1865 422533

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