CERTIFICATE OF REAL ESTATE INVESTMENT FINANCE. Department of Real Estate and Construction at Oxford Brookes University

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1 CERTIFICATE OF REAL ESTATE INVESTMENT FINANCE Department of Real Estate and Construction at Oxford Brookes University

2 The Certificate of Real Estate Investment Finance CREIF has been delivered in Asia by the Asia Pacific Real Association (APREA) since It is a unique programme combining distance learning with case study based workshops conducted by leading industry practitioners. From 2014, the Department of Real Estate and Construction at Oxford Brookes University will take over the delivery of the expanding programme, working closely with APREA. In this booklet, you ll be able to learn more about the programme, Oxford Brookes University and APREA. Contents 3 Department of Real Estate and Construction 4 Asia Pacific Real Estate Association (APREA) 5 What is CREIF? 5 Is CREIF recognised by the industry? 6 The CREIF programme subject areas 7 Who teaches CREIF? 7 What and how will I learn? 8 How long does the programme last? 8 Where does the programme take place? 9 What will happen after I complete the programme? 9 How do I enrol? 10 Is the programme right for me?

3 CERTIFICATE OF REAL ESTATE INVESTMENT FINANCE Artist s impression of the new Library and Teaching Building at Oxford Brookes Department of Real Estate and Construction The Department has offered highly innovative programmes of study for over 40 years. It has an outstanding reputation for the quality of its teaching and is developing a growing recognition as a centre of excellence in research of international standing. It is one of the most professionally respected real estate departments in the UK. The programmes offered by the Department are recognised by the Royal Institution of Chartered Surveyors (RICS), and the Department has established a formal partnership with them to provide specific programmes of study including undergraduate and postgraduate degree programmes, and professional training programmes. 3

4 DEPARTMENT OF REAL ESTATE AND CONSTRUCTION AT OXFORD BROOKES UNIVERSITY Water Front, Hong Kong Asia Pacific Real Estate Association (APREA) The Asia Pacific Real Estate Association (APREA) is a non-profit industry association that represents and promotes the real estate asset class in the Asia Pacific region. It is the industry body for the suppliers and users of capital in the real estate sector. APREA embraces the four quadrants of real estate. APREA s mission is to: Represent and promote the Asia Pacific real estate asset class Encourage greater investment in the Asia Pacific real estate sector through the provision of better information to investors, improving the general operating environment, encouraging best practices and generally unifying and strengthening the industry Enhance regional and global networks for capital suppliers and users Represent the sector to governments and regulators to improve the commercial operating environment for members. It has over 190 active member organisations across all major economies in Asia Pacific, including China, Australia, Hong Kong, India, Japan, Korea, Malaysia, the Philippines and Singapore. Its membership comprises real estate companies, listed real estate trusts, unlisted property funds, investment managers, investment banks, property securities fund managers, institutional investors, real estate consultants, corporate advisors, stockbrokers, investment advisors and universities. 4

5 CERTIFICATE OF REAL ESTATE INVESTMENT FINANCE What is CREIF? The Certificate of Real Estate Investment Finance (CREIF) programme has been delivered in Asia since 2007 and is a unique programme combining distance learning with case study based workshops conducted by leading industry practitioners. The Department is pleased to be working in collaboration with APREA to deliver the Certificate to real estate professionals across Asia. The new partnership Oxford Brookes Department of Real Estate and Construction is pleased to be working in collaboration with APREA to deliver the Certificate of Real Estate Investment Finance to professionals across Asia. The CREIF programme provides you with a unique combination of flexible distance learning and face-to-face development workshops with experts and peers. CREIF has been designed to meet the professional education needs of the dynamic real estate industry in Asia. Is CREIF recognised by industry? The CREIF programme is recognised by: The Royal Institution of Chartered Surveyors for CPD and LLL hours across Asia (excluding India) The Board of Valuers, Appraisers and Estate Agents in Malaysia for CPD The Securities Commission in Malaysia for CPE Organisations sponsoring students from Singapore may be eligible for Financial Sector Development Fund support. For more information, please contact: fsdf@mas.gov.sg Merlion Park, Singapore 5

6 DEPARTMENT OF REAL ESTATE AND CONSTRUCTION AT OXFORD BROOKES UNIVERSITY The CREIF programme has four subject areas: 1. Real Estate Investment Market Overview of Real Estate Investment The 4-Quadrant Model The Development Process Real Estate Asset Class Risks in Real Estate and Risk Mitigation Asset Management Fund and Portfolio Management The Stakeholders in Real Estate I and II 2. Applied Valuation Real Estate Valuation Methods and Techniques Capital Markets Valuation Property Development Company Valuation Due Diligence 3. Real Estate Finance and Investment Finance Capital Structure Decisions Investment Strategies Accounting and Financial Analysis Listing a Real Estate Vehicle Risk Cross Border Real Estate Investments The Acquisition Process Introduction to Property Derivatives 4. Legal and Regulatory Considerations Legal Structures Financial Services Industry and the Regulatory Environment The Regulatory Bodies The Regulations The Listing Process On-Going Compliance Foreign Investment Considerations Guidelines on Prevention of Money Laundering Taxation Licensing Unlisted Funds Artists impression of the Abercrombie extension at Oxford Brookes 6

7 CERTIFICATE OF REAL ESTATE INVESTMENT FINANCE Delegates at workshop Who teaches CREIF? CREIF is delivered by the Department of Real Estate and Construction at Oxford Brookes University in collaboration with the APREA Institute. The practitioners, who teach the CREIF programme, are made up from a pool of over 100 leading industry experts across Asia and the UK. After successfully completing the programme, delegates will receive the CREIF certificate issued by Oxford Brookes University in the UK. How will I learn? The majority of the study will be carried out via the Virtual Learning Platform, from which you can obtain home study learning materials for each of the four subject areas. There will also be an intensive two-day workshop for each subject area which will be delivered by practitioners locally. The four workshops will be spread over the eight-month period of the programme. Following each workshop, delegates will be required to submit a research task for assessment. When you have attended all four workshops, and passed your research tasks and major project assignment you will be eligible to receive the Certificate of Real Estate Investment Finance. 7

8 DEPARTMENT OF REAL ESTATE AND CONSTRUCTION AT OXFORD BROOKES UNIVERSITY Lujiazui Financial Area, Shanghai How long does the programme last? CREIF is an eight-month programme, however as it is designed for busy professionals, it s possible to extend the programme up to a maximum of two years. Where does the programme take place? The programme has been designed so that you can start at any point during the year there is no need to take the subject areas in order. The majority of the teaching is conducted online using a designated online platform, while the assessment workshops are carried out locally. The flexibility of the CREIF programme means that if you travel for business, you can attend the workshops in any of the following locations: Hong Kong Kuala Lumpur Shanghai Singapore 8

9 CERTIFICATE OF REAL ESTATE INVESTMENT FINANCE What will happen after I complete the programme? Once you successfully complete the CREIF programme, you may wish to consider further study. Providing you have several years experience in the real estate industry, there is also the opportunity to apply for the Qualifying Certificate in Advanced Valuation. This programme is offered by the Department of Real Estate and Construction at Oxford Brookes University in partnership with RICS. Successful completion of the Qualifying Certificate gives direct entry to the final RICS interview to become a member of the RICS (MRICS). The Qualifying Certificate is a four-month programme based around the virtual learning environment at Brookes which offers self-paced interactive learning. There are also locally based, intensive, face-to-face assessment sessions each month during the programme and these run over extended weekends. These are coordinated by academics and practitioners from Brookes. For more information about this programme, please rec-qcav@brookes.ac.uk How do I enrol? You can enrol onto the CREIF programme at any time of year by contacting us at rec-creif@brookes.ac.uk The fees for the CREIF programme are: US$4,250 (S$5,320) for APREA member US$5,350 (S$6,650) for non-aprea member. 9

10 DEPARTMENT OF REAL ESTATE AND CONSTRUCTION AT OXFORD BROOKES UNIVERSITY Is the programme right for me? CREIF is designed for real estate professionals across all sectors who would like to gain a better understanding of the real estate investment market. This could include asset managers, fund managers, investment bankers, project managers, valuers, developers, analysts etc. On completion of the programme, the CREIF designation identifies professionals who have the theoretical and practical skill set to make investment decisions over different classes of real estate investment. Asian real estate investing is a unique asset class with enormous potential. Pursuing the CREIF qualification will give you an excellent grounding in this field and help you identify mispriced opportunities. CREIF Alumnus Matt Hodgkins, Senior Investment Analyst, BNP Paribas Investment Partners CREIF offers a unique opportunity to glean valuable insight into the intricacies of the real estate industry and its activities directly from seasoned practitioners. Recommended for anyone who wishes to have or already has an interest in real estate, from budding enthusiasts to professionals desiring to further their knowledge. CREIF Alumnus Andy Chan, Investment Manager, MGPA I was part of the first group of participants in 2008 in Hong Kong for CREIF and found the programme very valuable as a way to refresh my skills and broaden my industry knowledge. The programme is well structured, with top-notch instructors who are active in the market and up-to-date in terms of current topics, and also provides a great opportunity to network with peers and experts in the Asian real estate market. The programme covers a comprehensive set of subjects in enough detail to be of value right away. CREIF Alumnus Paul K Richardson, Director, Deutsche Bank AG, Hong Kong Branch 10

11 Abercrombie extension at Oxford Brookes

12 Department of Real Estate and Construction, Oxford Brookes University, Headington Campus, Gipsy Lane, Oxford, OX3 0BP, UK Telephone: +44 (0) To obtain a large-print copy of (or sections of) this publication or to enquire about other formats please contact +44 (0) or query@brookes.ac.uk 4607_1013_CSLE