Property asset management covers a broad range of professionally oriented skillsets. It encompasses more specific activities relating to the infrastructure, life cycle and occupancy of individual properties within a portfolio up to and including the more strategic analysis and decision making aspects of the portfolio manager and owner. The effective management of such assets calls for a fundamental understanding of the operation of the property market, focussing on determining how such assets can be optimally utilised to add value to the primary business activity of an organisation and as part of due diligence during situations involving property transactions. The subject examines the roles of the many stakeholders involved in a property asset portfolio. The interrelationship between property management, asset management, facilities management and corporate asset management underpin the subject. The varying interaction of technology and property provide the context for analysis of the social fabric of contemporary society and business and future opportunities for professional practice. Compliance with risk management and professional practice standards are core themes of this subject.
|Faculty||Faculty of Society & Design|
1. Describe the roles and interdependencies of property management, facilities and corporate asset management within the contemporary economic, business and social environment.
2. Devise a strategic asset management plan including a budget.
3. Identify the tools and techniques for managing property, corporate and facilities services and their varying impact on service delivery.
4. Apply and evaluate methods of assessing the performance of property, asset, facilities and corporate property management strategies.
5. Identify and understand the unique characteristics of real estate as an asset class and its implications for property asset management in its broadest and emergent context, domestically and internationally.
6. Develop property focused strategies (including budgeting) supporting stakeholders imperatives.
7. Evaluate different modes of property ownership and estate management techniques for value maintenance and enhancement.
8. Assess and identify the spatial needs of employees within the contemporary business organisation.
9. Develop strategies to manage performance risk within a commercial property portfolio.
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