PROP 7003 - Property Asset Management
North Terrace Campus - Semester 2 - 2024
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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 KainCourse Timetable
The full timetable of all activities for this course can be accessed from Course Planner.
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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.
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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:
- Assessment must encourage and reinforce learning.
- Assessment must enable robust and fair judgements about student performance.
- Assessment practices must be fair and equitable to students and give them the opportunity to demonstrate what they have learned.
- 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 Access Adelaide.
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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.
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Student Support
- Academic Integrity for Students
- Academic Support with Maths
- Academic Support with writing and study skills
- Careers Services
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- Student Life Counselling Support - Personal counselling for issues affecting study
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Policies & Guidelines
This section contains links to relevant assessment-related policies and guidelines - all university policies.
- Academic Credit Arrangements Policy
- Academic Integrity Policy
- Academic Progress by Coursework Students Policy
- Assessment for Coursework Programs Policy
- Copyright Compliance Policy
- Coursework Academic Programs Policy
- Elder Conservatorium of Music Noise Management Plan
- Intellectual Property Policy
- IT Acceptable Use and Security Policy
- Modified Arrangements for Coursework Assessment Policy
- Reasonable Adjustments to Learning, Teaching & Assessment for Students with a Disability Policy
- Student Experience of Learning and Teaching Policy
- Student Grievance Resolution Process
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