成人大片

PROP 7003 - Property Asset Management

North Terrace Campus - Semester 2 - 2024

This course is designed to explore the management of completed developments, which is required in order to sustain or enhance the value of the asset. All developments require asset management after completion; some developers hold their developments as investments, others sell them on to a range of investors. The course will examine asset management strategies designed to enhance value, mitigate the impacts of depreciation and obsolescence and provide a clean, safe, sustainable and attractive environment.

  • General Course Information
    Course Details
    Course Code PROP 7003
    Course Property Asset Management
    Coordinating Unit Construction Management
    Term Semester 2
    Level Postgraduate Coursework
    Location/s North Terrace Campus
    Units 3
    Available for Study Abroad and Exchange N
    Restrictions Available to Master of Property, Master of Construction Management students
    Assessment Test (20%), written analysis (40%), presentation and report (40%)
    Course Staff

    Course Coordinator: Catherine Kain

    Course Coordinator: Catherine Kain
    Course Timetable

    The full timetable of all activities for this course can be accessed from .

  • Learning Outcomes
    Course Learning Outcomes
    On successful completion of this course students will be able to:

    1. Define Property Management, Facilities Management, Property Asset Management and Corporate Real Estate Asset Management (CREAM) and the operations undertaken within each.

    2. Develop a variety of asset management marketing and letting strategies to support enhanced rental returns, minimize voids, enhance capital values and reduce risks.

    3. Develop customer focused relationships with tenants and assess their impact upon asset maximisation.

    4. Appreciate the importance of tenant mix and mall configuration in a retail context.

    5. Analyse end user requirements in the office sector, using contemporary issues in CREAM to provide insight into office design and configuration.

    6. Evaluate the use of appropriate software (including BIM) to support property asset management activities.
    University Graduate Attributes

    This course will provide students with an opportunity to develop the Graduate Attribute(s) specified below:

    University Graduate Attribute Course Learning Outcome(s)

    Attribute 1: Deep discipline knowledge and intellectual breadth

    Graduates have comprehensive knowledge and understanding of their subject area, the ability to engage with different traditions of thought, and the ability to apply their knowledge in practice including in multi-disciplinary or multi-professional contexts.

    1, 2, 4, 5, 6

    Attribute 2: Creative and critical thinking, and problem solving

    Graduates are effective problems-solvers, able to apply critical, creative and evidence-based thinking to conceive innovative responses to future challenges.

    2, 3, 5, 6

    Attribute 3: Teamwork and communication skills

    Graduates convey ideas and information effectively to a range of audiences for a variety of purposes and contribute in a positive and collaborative manner to achieving common goals.

    3, 5

    Attribute 4: Professionalism and leadership readiness

    Graduates engage in professional behaviour and have the potential to be entrepreneurial and take leadership roles in their chosen occupations or careers and communities.

    2, 3, 4, 5, 6

    Attribute 5: Intercultural and ethical competency

    Graduates are responsible and effective global citizens whose personal values and practices are consistent with their roles as responsible members of society.

    3, 5

    Attribute 8: Self-awareness and emotional intelligence

    Graduates are self-aware and reflective; they are flexible and resilient and have the capacity to accept and give constructive feedback; they act with integrity and take responsibility for their actions.

    2, 3
  • Learning & Teaching Activities
    Learning & Teaching Modes
    There are 10 modules in the course. Each module addresses a specific topic and each module is accumulative. Material is delivered in a variety of ways, including lectures, readings, exercises and practical assignments.
    Workload

    The information below is provided as a guide to assist students in engaging appropriately with the course requirements.

    The information below is provided as a guide to assist students in engaging appropriately with the course requirements.

    The University expects full-time students (ie. those taking 12 units per semester) to devote at least 48 hours per week to their studies. Accordingly, students undertaking this 3 unit course are expected to devote 12 hours per week to contact activities and self-guided studies.

    Based on this framework the figures below may assist with workload management:

    For a 3 unit course:
    Total workload hours: 12 Hrs per week x 13 weeks = 156 Hrs
    Total contact hours: 3 Hrs per week x 12 weeks = 36 Hrs
    Total self-guided study: 156 Hrs – 36 Hrs = 120 Hrs, that is about 10 hours each week.

    These 120 hours should be used towards preparation of weekly tasks and for completion of the various assignments associated with the course, including development of various skills required to complete the same. Please manage your time wisely.
    Learning Activities Summary
    Week      Module topic                                                                                     Assessment
    1            Property Asset Management Fundamentals
    2            Property Asset Management Operations
    3            Estate and Lease Management Operations
    4            Facilities Management Operations
    5            Property Asset Management in Practice 1: RETAIL                                Assignment 1
    6            Customer Focused Property Asset Management
    Break
    Break  
    7            Changing Times: How Evolving Occupational Demand Is
                          Shaping Office Development Requirements
    8            Project 2 Brief & Important Resources Required to Prepare
                           for Project Success                                                                   Assignment 2
    9            Property Asset Management in Practice 2: OFFICE Selection
    10          Property Asset Management in Practice 2: OFFICE Case Studies
    11          Corporate Real Estate Asset Management: Productivity and
                            Performance
    12          Software and Its Supporting Role in Property Asset Management
    13                                                                                                                  Assignment 3
  • Assessment

    The University's policy on Assessment for Coursework Programs is based on the following four principles:

    1. Assessment must encourage and reinforce learning.
    2. Assessment must enable robust and fair judgements about student performance.
    3. Assessment practices must be fair and equitable to students and give them the opportunity to demonstrate what they have learned.
    4. Assessment must maintain academic standards.

    Assessment Summary

    Assessment Item                                                        Due Date                    Weighting                      Learning Outcome

    Diagnostic Test - Fundamentals                                             Week 5                       20%                              1,3
    Asset Improvement Strategy Plan                                          Week 8                       40%                              1,2,3,6
    Formulation of Client Solution for Corporate Relocation        Weeks 13                    30%                              1,4,5
    Participation                                                                                                                10% 
    Total                                                                                                                           100%
    Assessment Detail
    Assessment 1

    Online diagnostic test to assess knowledge of the basic concepts introduced in Weeks 1-4.


    Assessment 2

    This project requires the use of strategic analysis of an existing retail centre development to create a detailed ACTION PLAN demonstrating how strategic asset management interventions could improve the assets performance. Analysis of the current position of the case study will be carried out as part of personal research and tutorial work. This will involve a SWOT analysis as well as other investigations and interpretations of the current asset position to support your understanding and evaluation of the Centre as a basis for your individual asset enhancement proposal. Your proposal may address a wide variety of concerns and issues; including, but not limited to: Tenant mix, building condition, asset management strategy, marketing and branding.

    In addition, the behavioural characteristics of shoppers and the psychology of space may be examined in terms of how this can be analysed and used to support greater dwell time and spending. The report should be evidence based and provide a clear action plan with timelines and indicative costs and returns on investment.


    Assessment 3

    This project is a complex office based Corporate Relocation scenario, designed to examine the tensions created by the traditional procurement of real estate between end user requirements and investor expectations. Using a simulated client, students are expected to analyse the detailed needs of the client, and through role-play, appreciate the subtleties, tensions and complexities of matching offices to client needs. The main focus will be on how Corporate Real Estate (CRE) and Facilities professionals can help companies align their business strategy with their real estate in the context of a relocation to a new location and the selection of appropriate offices that meet the needs of the organisation and the employees.

    It will engage with the most contemporary issues of CRE including productivity, wellness and flexibility and the impact of the global pandemic. The detailed client requirements have been converted into a “Strategic Brief” which sets out the requirements and specifications you believe will deliver a productive and efficient workplace for the client. This involves examining space requirements, work activities, adjacencies and an understanding of what contemporary office users look for in buildings.

    Thereafter, an appropriate solution will be selected and configured, having evaluated the best building option from a number of buildings within a case study.
    Submission
    #1 Diagnostic Fundamentals       Week 5
    #2 Strategic Report                      Week 8
    #3 Relocation Project                   Week 13

    All work should be submitted electronically using the course MyUni site. Students should ensure that work is submitted on time, on or before the due date

    Late work will not be marked.

    Extensions will be granted for valid reasons such as illness but these must be arranged with the course co-ordinator before the submission deadline.

    Harvard referencing conventions should be used.
    Course Grading

    Grades for your performance in this course will be awarded in accordance with the following scheme:

    M10 (Coursework Mark Scheme)
    Grade Mark Description
    FNS   Fail No Submission
    F 1-49 Fail
    P 50-64 Pass
    C 65-74 Credit
    D 75-84 Distinction
    HD 85-100 High Distinction
    CN   Continuing
    NFE   No Formal Examination
    RP   Result Pending

    Further details of the grades/results can be obtained from Examinations.

    Grade Descriptors are available which provide a general guide to the standard of work that is expected at each grade level. More information at Assessment for Coursework Programs.

    Final results for this course will be made available through .

  • Student Feedback

    The University places a high priority on approaches to learning and teaching that enhance the student experience. Feedback is sought from students in a variety of ways including on-going engagement with staff, the use of online discussion boards and the use of Student Experience of Learning and Teaching (SELT) surveys as well as GOS surveys and Program reviews.

    SELTs are an important source of information to inform individual teaching practice, decisions about teaching duties, and course and program curriculum design. They enable the University to assess how effectively its learning environments and teaching practices facilitate student engagement and learning outcomes. Under the current SELT Policy (http://www.adelaide.edu.au/policies/101/) course SELTs are mandated and must be conducted at the conclusion of each term/semester/trimester for every course offering. Feedback on issues raised through course SELT surveys is made available to enrolled students through various resources (e.g. MyUni). In addition aggregated course SELT data is available.

  • Student Support
  • Policies & Guidelines
  • Fraud Awareness

    Students are reminded that in order to maintain the academic integrity of all programs and courses, the university has a zero-tolerance approach to students offering money or significant value goods or services to any staff member who is involved in their teaching or assessment. Students offering lecturers or tutors or professional staff anything more than a small token of appreciation is totally unacceptable, in any circumstances. Staff members are obliged to report all such incidents to their supervisor/manager, who will refer them for action under the university's student鈥檚 disciplinary procedures.

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