UKPASS code: 037084 | Institution code: W50 | Attendance mode: Full-time
You should hold a degree (normally at least Second Class Honours) from a UK university or one of comparable standing, or membership of a recognised professional body whose entry requirements are equivalent to graduate level, and ideally some relevant practical experience.
The course is well suited for those with a first degree in geography, economics, a traditional science, a property-related discipline or law. If your first degree and other qualifications are not so well aligned the course team may require further evidence of your ability to study the subject material as deemed appropriate. If your first language is not English you will need an IELTS score of 6.5.
The aim of the course is to provide you with a detailed understanding of the property development and appraisal process, encompassing the financial, physical, legal and social aspects. You will analyse development situations and respond to particular development problems with derived solutions. You will also be able to critically appraise options and independently evaluate alternative courses of action. The course is accredited by the Royal Institution of Chartered Surveyors (RICS).
As part of the Development Finance and Funding module, students undertake a study trip to New York.
Course leader:Andrew Youens
This module gives you the opportunity to study and analyse the finance and funding of property development and investment transactions. You will explore the concepts and law surrounding the valuation and feasibility of developing land and buildings to an advanced level. This module includes a study trip to New York.
The work for this module involves the completion of a structured research programme resulting in a dissertation or major research project. You can opt for a traditional academic dissertation which identifies a hypothesis and research questions, involves some original research, draws conclusions and, if appropriate, makes recommendations. Alternatively you can complete a defined project involving the preparation of a strategy or action plan for an issue relevant to your studies, and include a 20,000-word reflection on, and evaluation of, the strengths and weaknesses of the approach and the constraints which are likely to impact on the proposals.
The module aims to set corporate decision making in the context of the business environment, corporate goals and the practice of company finance, estate and portfolio management. You will gain a grounding in property as an asset class, and a practical and theoretical appreciation of the techniques and practices currently being used in the management and valuation of commercial property. In the financial element of this module, you will explore issues relating to accounting principles and financial management accounts, and the implications of tax. Equally important is an appreciation of ratio analysis and strategy.
This module fosters reflection on where the law comes from and how it develops (including the influence of European Law), and encourages your understanding of the relationship between the legal process and social change. You will develop mastery of the key principles (and their operation in practice) of English Law relating to business, including contract, tort, real estate law and regulatory regimes which particularly affect the property industry. You will also gain a greater understanding of legal theory, including statute and judicial precedent; the role of Europe; tort, contract and business law; administrative law and regulatory regimes; real estate law; and landlord and tenant law.
This module, based on problem-solving scenarios, enables you to develop a strategic approach to the implementation of complex real estate development projects. It provides you with an analytical review of the roles, responsibilities and methods for decision making of a multidisciplinary team, from client’s identification of need, through project feasibility, design and construction, to operation and maintenance of a built facility. You will examine the differing objectives of generic procurement types, the identification and critical analysis of planning and development issues, and the impact of legal and regulatory frameworks to environmental and occupational health conditions, contractual matters and dispute avoidance.
In this module you will focus on the financial, physical, legal and social aspects necessary for successful real estate development projects to take place. The emphasis is on the needs of end users of developments, and those other key players in the development process. There will be an emphasis on commercial real estate development, but the module will also serve well those requiring an understanding of mixed use and residential development projects and processes. The legal focus will centre on the system in England and Wales although techniques and examples will be drawn from a range of jurisdictions.
The aim of this module is to develop your cultural and analytical understanding of how buildings and the space configuration within them support the strategic objectives of the organisation. In this module you will address sustainability, corporate social responsibility and the underpinning legislation. You will also review the principles and application of the legislation affecting the workplace. You will explore the concepts of strategic business space usage, and gain a critical understanding of the use and management of space resources in the role of informed client. You will also develop your ability to analyse and adopt an informed tactical methodology toward solutions for space planning and utilisation, and be able to apply a range of decision-making tools for strategic space planning and management.
Choose one from the following:
This module covers the concepts and law surrounding commercial lease practice and rent reviews/lease negotiation, from both a landlord’s and tenant’s perspective. You will develop an understanding of, and familiarity with, the legal background to the landlord and tenant relationship, and its application in practice. This will include the study of statutory security of tenure, rent review, and other usual lease clauses including ‘break’ clauses, repair, user, alterations and alienation. You will also consider and discuss points of practical difficulty and complexity involved in negotiating lease terms and their subsequent implementation.
In this module you will address the strategic role of lending in the property sector. The sector has become dependent upon lenders for the vast majority of cash inflows, and in the module you will look at the history of the involvement of lenders, the risk assessment and procedures involved in lending on property. The study of traditional banking will be supplemented with investment banking techniques.
This module centres upon methods of valuation applicable to properties for rating, and compulsory purchase purposes together with leasehold enfranchisement and properties subject to the housing acts.
This course is fully accredited by the Royal Institution of Chartered Surveyors.
The RICS accreditation will enable you to take the Professional Assessment of Competence after a period of suitable employment. There are employment opportunities in the public, private and not-for-profit sectors. Some part-time students are employed by surveying firms to receive accredited training while working.
One year full-time; two years part-time
Central London (Marylebone)
At Westminster, we have always believed that your University experience should be designed to enhance your professional life.We place as much emphasis on gaining skills relevant to the workplace as on learning the academic discipline that you are studying.
Obtaining a placement, part-time or vacation job while you study will provide you with extra cash and help you demonstrate that you have the skills employers are looking for.
In London, there is a plentiful supply of part-time work - most students at the University of Westminster work part-time (or full-time during vacations) to help support their studies.
Our Career Development Centre can help and support you throughout your study and after graduation. You can use our comprehensive Online Vacancy Service to find part-time, placement, voluntary and graduate opportunities.
Our website provides comprehensive information covering topics such as events, job searching, CVs and applications. We organise presentations, networking events with employers, professional bodies, alumni and other organisations to help you with your career planning.
Our careers consultants are experienced personal development trainers and offer a range of self-development workshops to improve your job seeking strategies, to enhance self-confidence and provide self-marketing techniques.
We offer support for students and recent graduates to obtain volunteer placements and also for those interested in developing their enterprise skills.
We can help you to:
We offer targeted careers information for this course. View the range of careers options that are available to you after you graduate:
Our team of careers consultants work closely with Faculty departments to deliver tailored employability support including subject specific workshops, employer events and careers information, advice and guidance.
The course is accredited by the Royal Institution of Chartered Surveyors.
Our central London location provides direct access to professional institutions and practice. The course is informed by current industry priorities.
In this professionally-focused course the emphasis is on real-life situations and practical examples.
Diverse teaching methods include ‘enquiry-based learning’ where you engage with and problem solve complex open-ended scenarios, preparing you for such situations in your career.
Join a diverse and vibrant student community, with one of the UK’s largest international student populations.
The course involves a study trip to New York for those taking the module Development Finance and Funding.
Our staff’s research and consultancy informs their teaching so you will benefit from the latest developments in the field. In the last Research Assessment Exercise (2008), 20 per cent of Westminster's research in Architecture and the Built Environment was judged as 'world-leading', and a further 40 per cent as 'internationally excellent'. Staff also consult for government, private sector and charitable organisations.
Study at the newly refurbished Marylebone Campus, where a £20million development has provided world-class facilities.
“The best thing about the course is expanding my knowledge of the real estate market. The teachers have a very good background of this market. There is a Career Development Centre at Westminster, which is very helpful for students. There are many job fairs and companies like BNP and CUSHMAN attend. Students can talk to staff from those companies and get some really helpful information about the job market. The University of Westminster is always ready to help students.”
We are one of the country's leading centres for the study of Architecture and the Built Environment, covering the core subject areas that address the future shape of our cities.
Watch our interview with Course Leader Andrew Youens, and property students, about our three postgraduate property courses.
Find out more about our property courses' entry requirements and what it is like to study here in this video.
Research in property and construction covers a wide range of activities. While we are interested in every aspect of research in property and construction, there are particular areas we specialise in.