About This Masters Degree
This course is aimed at graduates who are (ideally although not essentially) already in property-related employment, and who aspire to professional and/or senior positions in the field of facilities and property management. It is a challenging, stimulating and professionally relevant course which is directly related to the management of real estate. You will develop your skills and ability to appraise options and independently evaluate alternative courses of action. The course is accredited by the Royal Institution of Chartered Surveyors (RICS).
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.
•Fabric and Services Management
This module aims to devise and develop a strategic approach to the understanding of the role of building fabric and building services management in meeting corporate objectives. You will examine the fabric and services of building structures, their life cycle and the maintenance, refurbishment and rebuild relationship; maintenance strategy and effectiveness; organisation and management of the maintenance function; planning and co-ordination techniques; managing cost effectiveness; and the more detailed aspects of energy management.
•Facilities Management: Strategy and Practice
In this module you will address the strategic role of facilities management in supporting the core activities of organisations. You will focus on the operational aspects of the built assets and examine the influence of facilities management practices on corporate strategy, procurement, human resource management and financial decision making. You will aim to achieve an integrated understanding of the basic knowledge and operational skills required for the good management of buildings, their environments, facilities and support services, and personnel.
•Finance and Asset Management
The aim of this module is 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.
•Landlord and Tenant
In this module you will cover 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.
•Law for Property Professionals
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.
•Space Strategies and legislation
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. 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.
Option moduleProject implementation process
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, form 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 environment and occupational health conditions, contractual matters and dispute.
Property finance; leading and risk strategies
In this module you will address the strategic role of leading in the property sector. The sector has become dependent on leaders for the vast majority of cash inflows, and in the module you will look at the history of the involvement of leaders, the risk assessment and procedures involved in leading on property. The study of traditional banking will be supplemented with investment banking techniques.
Risk management for projects
The module will investigate the management of uncertainty and risk a in a construction project environment, examining qualitative, but mainly quantitative, techniques.
Site assembly and development
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 the 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 jurisdiction.
Valuation and Law
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.
Associated careersThe 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 both large and small surveying firms to receive accredited training while working.
Facilities and Property Management (MSc)
page on the University of Westminster website for more details!
You will typically have a minimum Second Class Honours degree in a cognate subject area such as construction, surveying, architecture or civil engineering, and be in relevant employment in a professional or managerial capacity in a construction-related post. However, applicants from all backgrounds and level of experience are encouraged to apply. Alternatively, applicants may hold membership of a recognised construction-related professional body achieved through examinations and/or professional interview, together with experience in a professional or managerial capacity in a construction-related post.