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Cushman & Wakefield Funds Fellowship In Real Estate At INSEAD
10 Jul, 2007, London
“The first Fellowship in real estate to be established within an international business school”
Cushman & Wakefield, global real estate services firm and INSEAD, the leading international business school, have today announced the creation of the Cushman & Wakefield Fellowship in Real Estate. Funded exclusively by Cushman & Wakefield, it will be the first dedicated real estate Fellowship within a leading international business school and represents a significant breakthrough in the way in which the role of real estate will be understood, taught and perceived in Europe and elsewhere.
The Cushman & Wakefield Fellowship will be launched in Autumn 2008 and INSEAD is currently recruiting a leading academic to drive and develop teaching and research on real estate. The new Fellow will be a catalyst for a range of real estate-related courses, studies and events and will be able to collaborate with academics across disciplines within INSEAD.
Cushman & Wakefield and INSEAD have worked closely over the past three years with a view to meeting the increased demand from MBA participants to cover the real estate sector. In 2005, INSEAD launched a new MBA elective, “Real Estate Finance & Strategy” which was sponsored by Cushman & Wakefield. The INSEAD MBA Real Estate elective proved extremely popular with participants with demand for the course growing steadily over the last 18 months. In addition, the INSEAD Real Estate MBA Club is active in bringing in industry speakers and connecting with alumni in the sector.
On receiving the news on the Fellowship, the co-managers of the INSEAD Real Estate Club, Jean-Baptiste Germain and Arnaud Cacoub MBA '07J, said:
"The Fellowship will be a milestone in raising awareness of the subject on campus. To have a faculty champion of real estate will invariably increase the scope and depth of learning in this area. It will provide the academic support to our activities and to the INSEAD Real Estate Club."
It is intended that the Fellowship will build and expand on the success of the real estate elective. The introduction of a permanent faculty dedicated to teaching and research on real estate is a major breakthrough for the school.
Antonio Fatas, Dean of the INSEAD MBA Programme, said: “There is a growing demand from our students for knowledge on real estate finance and indeed on the whole industry. The importance of real estate in today's investment market makes it a very relevant component in our MBA programme. As the sector turns increasingly international, it becomes particularly attractive to INSEAD’s multinational student body. The Cushman and Wakefield Fellowship is exciting news for our students and faculty.”
Paul Bacon, CEO of Cushman & Wakefield EMEA said: “Our funding of this Fellowship is aligned with our long term commitment to move real estate higher up the corporate agenda. Real estate accounts for 55% of the world’s assets and is a large component of the global investment market. By establishing a core centre of excellence for real estate within INSEAD we can get top executives and managers from around the world to think more strategically about this asset class and to help them explore the critical role it plays within the corporate infrastructure.”
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