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Master Facility and Real Estate Management

In collaboration with the University of Greenwich in London, Hotel Management School Maastricht (HMSM) offers a one-year master Facility & Real Estate Management. During this master you will be challenged to transform into a strategic thinker for the facility and real estate industry. You will not only develop understanding and insights in the economic sector, but you will also learn how to solve problems in an innovative way and learn how to fulfil needs.

Employers increasingly demand a master in which strategic issues regarding facility management and real estate management are treated in an integrated way. As a consequence, the master Facility & Real Estate Management was entirely renewed in 2015. It’s our job to deliver buildings that are ‘fit for use’. It’s not just about the buildings: you have to facilitate the people that are using these buildings at the same time. ‘Fit for use’ is the perfect combination of people, space, technology and business processes. And therefore the best possible combination of elements from the disciplines of Facility management and Real Estate Management. 

Bear in mind that this perfect combination can only be achieved if:

  1. ‘Hard’ and ‘soft’ services are optimally adjusted to one another
  2. There is an integrated approach from facility and real estate management from the start
  3. The life cycle costs are central in decision-making
  4. Technical and service aspects are approached in an integrated way
  5. The buildings create the possibility of good ‘hostmanship’ and…
  6. Good hostmanship will let the buildings perform optimally!

The master Facility & Real Estate Management trains students to deal with these kind of integrated issues at a strategic level. That’s the unique character in this master: the integration of the specialism facility management and real estate management. As a manager, initiator, researcher, consultant or entrepreneur with strategic intelligence, you will be able to solve problems of this nature and be of added value for businesses in the 21st century. 

The master Facility & Real Estate Management has an advisory board consisting of representatives from actual businesses. Chairman is Pancras Evers, director of the Arrange group. He emphasizes the demand for graduates from this master, saying: ‘Your employees are only content and productive if all dimensions are of high quality. A hospitable reception without good air quality is not going to work: all services and the building together should create an optimal experience’.

Facility management

Facility management is about managing and controlling support activities for the primary process of an organization. For instance in a company such as Philips, but also in healthcare or in educational organizations. Every organization has a facility service, which creates the conditions for the best possible performance. All services and the building should be optimally integrated to create the best possible working environment.

The official definition of facility management has been drawn up by the International Facility Management Association (IFMA):

‘Facility Management is the practice of coordinating the physical workplace with people and work of the organization: integrates the principles of business administration, architecture and the behavioural and engineering sciences’.

The world is changing. There are multiple developments that will change the field of facility management radically. In the module Strategic Facility Management, these developments will be thoroughly discussed. We will discuss one to illustrate the idea: the impact of TIOT: The Internet of Things.

More and more devices, machines, sensors, and wearable’s are connected to the Internet. Business Intelligence teaches us to recognize patterns in the big data generated by these devices. These patterns form the fundamentals for algorithms that help us develop new services. New service concepts, but also more customization and efficient use of available (office) space. This technological revolution is partly disruptive; it has changed the world evidently. It has had of major impact on the real estate world too. It has greatly changed the way in which real estate and facility professionals execute their daily work. Most of the real estate enterprises have tried to put these changes to a stop, changes we have also seen in the financial sector with banks and insurance companies, in the retail and tourism/hotel industry. However, the real estate sector is finally becoming aware of the opportunities of the new technologies. They start using them to increase business efficiency and to respond to the changing wishes and demands of the customers in a better way. To achieve all this, the industry needs professionals that are able to work on strategic solutions at the intersection of real estate and facility management.

Real Estate management

The built environment and the real estate in it are of vital importance for a society. Individuals and communities require structured and conditioned living and working environments. On a global level the total value of real estate is 60% of the total equity in the world. The real estate market consists of many market segments, varying from business premises - from offices to stores - and non-profit real estate such as housing corporations. 

It’s therefore no surprise that there’s a lot of interest in the field of real estate management. It’s a dynamic discipline. Besides good management and maximizing the income of the real estate, ethical aspects have also become increasingly important. The Strategic Asset Management module specifically discusses the world of real estate. Themes that will be discussed in this module are: 
 

  • The capital market and investment companies in a broader perspective; 
  • Strategic financial reporting;
  • Risk management: the financial structure of a real estate ‘asset’ and the ‘performance’ under specific market conditions; 
  • Valuation of real estate, based on market conditions, exploitation data, income scenarios and the value of real estate; 
  • Analysis of the Planning & Control cycle in the FREM (Facility Real Estate Management) working area;
  • Ethical aspects of the real estate market;
  • Presentation skills to report analyzes in an academic and informative manner.

Why should you choose for the Master Facility & Real Estate Management?

Top 10 reasons to attend our master Facility & Real Estate Management:

  1. A fully accredited master’s degree within 12 months;
  2. A double degree: an academic master (MSc) of the University of Greenwich and a professional master (MSc) of Zuyd University;
  3. A unique, integrated combination of both facility and real estate management; 
  4. An excellent and varied learning experience;
  5. An education in English with a strong international community;
  6. Small-scale and intensive education;
  7. An interactive and personal approach in which personal attention is central;
  8. Good career prospects with an excellent salary;
  9. Studying at the Hotel Management School Maastricht, a leading institute for 65 years;
  10. A fantastic student life in the international student city Maastricht!  

Double master title

After successfully completing the programme you will have a double master’s degree! First of all you will get an academic master title (Master of Science) in facility- and real estate management from the University of Greenwich (accredited by the British government). 

Secondly you will receive a professional master title (Master of Science) of Zuyd University (accredited by the Dutch-Flemish Accreditation Organisation, NVAO). The collaboration between the University of Greenwich and Zuyd University offers you the best of both worlds and you will develop both your academic and professional skills.

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