We are setting the educational standards for the industry.
INREV and Henley Business School have come together to offer the INREV / Henley Certificate in European Non-Listed Real Estate Investment. Non-listed real estate professionals who wish to take their studies further can sign up as a Certificate holder and obtain an exemption towards the Henley Business School MSc in Real Estate Investment and Finance.
The Certificate will be issued by Henley Business School (University of Reading) to students who attend five of the relevant existing INREV courses and successfully pass an assessment in the form of a written report.
To obtain the Certificate, participants will need to enrol in one of the two curricula (learning paths) on offer: either Portfolio Management or Corporate Finance. Each curriculum consists of three mandatory courses and a number of elective courses. Participants will need to attend a total of five courses: three mandatory, one related elective, and one from any of the other courses from the offering below.
The courses will take place across Europe. Their dates and locations can be found in the INREV training calendar.
A participant who decides to obtain certificates for both the Corporate Finance and Portfolio Management curricula will need to attend a total of 10 courses, as no course can contribute towards both curricula.
Annual curriculum review
The Certificate is supervised by a Review Board, comprising representatives from INREV and Henley Business School, as well as an independent chair, to ensure the education programme is regularly monitored and assessed.
Every year the Review Board will meet to discuss INREV’s course offerings and to consider any potential changes or updates to the Certificate.
After completing the five courses, each participant must take an assessment, in the form of a written report, within three months.
Henley Business School will assess the written report and provide feedback within a month of receiving it.
In order to obtain the Certificate, participants must obtain a pass mark in the assessment. If they fail the assessment in the first instance, it may be re-taken within two months.
Attendees will be expected to analyse a case study using real data, showing their ability to combine the application of notions and analytical/qualitative tools to solve a real problem.
Portfolio Management Curriculum
The certificate holder will gain an understanding of the assessment of return and risk, and develop skills in portfolio construction and management. This curriculum is particularly useful for participants who want to further their knowledge relating to the non-listed real estate industry, through a better understanding of the analytical and qualitative tools that can help improve the risk-adjusted performance of non-listed real estate vehicles.
Corporate Finance Curriculum
The certificate holder will gain an understanding of capital raising and financing for non-listed real estate investment, and how they relate to the valuation of investment opportunities in such vehicles. This curriculum is particularly useful for participants who want to further their knowledge of financial analysis and investment valuation, thus enhancing their ability to add value in finance-oriented roles within the fund management industry.
Participants need to have a Bachelor’s degree or equivalent in order to enrol in the Certificate programme. Exemptions will be considered on an ad-hoc basis, if the participant has relevant work experience in the field.
The five courses must be taken within 36 months of the date of the first course undertaken, and participants can apply to enrol for the Certificate at any time during this period.
Participants who have already attended any of the qualifying courses in 2016 will be able to put these courses towards the Certificate, as long as all five courses are taken within the three-year period.
Exemptions for MSc Real Estate Investment & Finance
If Certificate holders apply for and are admitted to the MSc Real Estate Investment and Finance at Henley Business School (University of Reading), they can obtain an exemption of 20 credits for each curriculum towards the relevant module in the MSc programmes Corporate Finance and/or Portfolio Management. The MSc title will then be awarded on the basis of the average mark achieved in the remaining eight (or seven) modules necessary to complete the programme (normally consisting of nine modules for a total of 180 credits).
Participants who wish to enrol for the Certificate must pay INREV an administration fee of €175 and a course fee of €600 for each course they attend. For a list of mandatory and elective courses, see 'Curriculum'.
In addition, students will pay an examination fee of €300 before submitting their assessment. The fee for reassessment is reduced to €150.
Example: Portfolio Management Curriculum
€600 X 3 mandatory courses
€600 X 1 mandatory elective course
€600 X 1 elective course
€175 administration fee
€300 examination fee
€3475 total cost
To register for the Certificate, please send an email to firstname.lastname@example.org. You will then need to complete the registration form provided.
Participants must also register individually for each mandatory or elective course.
What qualifications do I need to be able to study for the Certificate?
Participants need to have a Bachelor’s degree or equivalent. However, exemptions will be treated on an ad-hoc basis, if the participant has relevant work experience in the field.
Those who have already attended any of the qualifying courses in 2016 will be able to include them in the certificate, as long as all five courses are taken within three years.
If I have already taken one of the qualifying courses prior to the launch of the Certificate, can I use it towards the Certificate?
Yes, as long as the course has been taken in 2016.
Can the Certificate be used to contribute to any other qualifications?
Yes, Certificate holders who apply for and are admitted to the MSc Real Estate Investment and Finance at Henley Business School (University of Reading) can obtain an exemption of 20 credits for each curriculum towards the relevant modules in the MSc programmes Corporate Finance and/or Portfolio Management.
What are the current fees for enrolling in the Certificate?
Participants pay INREV an administration fee of €175 and the standard fee of €600 for each of the five individual courses. In addition, they will pay an examination fee of €300. See details under 'Fees' in the side menu.
How do I register for the Certificate?
To register, please send an email to email@example.com. You will then need to complete the registration form provided. Participants must also register individually for each mandatory or elective course at inrev.org/training.
For information on the INREV/ Henley Certificate and training courses contact firstname.lastname@example.org, T +31 (0)20 235 8615
For information on the assessment and exam, contact Gianluca Marcato, Professor of Finance and Real Estate at email@example.com , T +44 (0) 118 378 8178
To date, there are around 50 industry professionals who are working towards the certificate and 26 graduates who have already received their certification, with more set to graduate throughout the course of the year. Below you’ll find the latest list of alumni:
|Jochen Pelz||Art-Invest Real Estate Funds|
|Lars Bollhalder||Asga Pensionskasse|
|Ricardo Roode||a.s.r real estate|
|Vinoo Khandekar||a.s.r real estate|
|Laura Meindl||COREN Land Management|
|Axel von Schwanebach||DWS Real Estate|
|Karsten Hass||DWS Real Estate|
|Ji Won Daunis||Grosvenor Europe|
|Asher Garnett||Lend Lease Investment Management|
|Peter Megyeri||LGT Capital Partners|
|Manfredi Campo||Optimum Asset Management|
|Uday Vartak||Prudential Portfolio Management Group|
|René Otto Poulsen||PwC|
|Florian Kurth||Real I.S AG|
|Victoria Holdom||Rockspring PM|
|Sebastian Eggert||Signa Financial Services|
|Júlio Gomes||Sonae Sierra|
|Gijsbert Riemsdijk||UBS Asset Management|
|Zachary Gauge||UBS Asset Management|
We’re proud to say that according to our annual member survey for the second year running, 100% of members surveyed said they’d recommend an INREV training course. Are you interested to start working towards achieving your INREV / Henley Certificate, read what those have to say who have put forward their employees for the certificate along with those who have graduated or are still working toward the certificate on the benefits and their experiences.
|‘I’d already attended several INREV courses and been impressed with the quality of the training, so to be able to translate that into a recognised certificate with academic accreditation is extremely valuable.’||
‘The fact that these courses are designed and delivered by professionals means I am working towards a certificate that will be relevant as soon as I return to my desk.’
‘This certificate will allow members to stand out as they take the next steps in their career. In an increasingly competitive world, every advantage counts.’
|SEBASTIAN EGGERT, SIGNA||TOM STEVENSON, INTERTRUST||GUIDO VERHOEF, PGGM|
‘With the certificate, you can really show your knowledge and your added value in the subject. The courses are practical and then, in combination with the business school, you are able to add an academic dimension.’
‘I was able to attend courses in difference locations around Europe and combine my professional training with my day-to-day business development work.’
‘At AXA IM – Real Assets we are committed to ensuring we not only have the best talent possible, but also that every individual on our team is given the opportunity to be best that can be and the INREV/Henley Certificate helps us achieve these goals.’
|ROBERT WAAGENAAR, BOUWINVEST||ASHER GARNETT, UBS||ISABELLE SCEMAMA, AXA IM|