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University of Reading forges new partnership to shape the future of real estate – University of Reading

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University of Reading forges new partnership to shape the future of real estate

Release Date 18 October 2007

A high-profile role in the University of Reading's Real Estate and Planning Department has been announced to ensure academia and industry are closely aligned.

CB Richard Ellis, the world's leading commercial property and real estate services adviser, will sponsor a new high profile professorship at the University of Reading, the home of the UK's leading Real Estate and Planning Department

This new role, entitled the CB Richard Ellis Professor of Real Estate Finance, has been created in light of the increasing importance of the real estate finance market, an area that CB Richard Ellis is already a well established player through its own development of a range of real estate finance services. This Professorship will spearhead the development of the University's new MSc courses in Real Estate Finance and Investment and Real Estate Securities, which will come on stream in the new academic year in September 2008.

Professor Andrew Baum, Professor of Land Management at the University of Reading, said: "Partnerships between industry and the academic world are essential in a world of increasing complexity and reduced real estate. We plan to use a variety of resources to continue to improve the student experience, and, as we aim to be producers of highly employable graduates as well as global leadership in relevant real estate research, we are delighted to associate our ambitions with those of a world leader in real estate, such as CBRE."

The search is now on to appoint an internationally renowned real estate finance expert to fill this high profile position at the UK's renowned seat of learning for the real estate sector. The professorship remit is broad and will entail the marketing of the new financial courses, the recruitment and selection of high quality students, industry mentoring and the provision of career guidance. The professorship will ultimately build a link between Real Estate and Planning and the financial markets, as well as forging a strong professional relationship between the University of Reading and CB Richard Ellis for the benefit of students and staff.

Martin Samworth, Managing Director of CBRE (UK) said: "We continually strive to meet the ever changing needs of our clients. Accordingly, the industry must adapt and ensure that real estate professionals of tomorrow are well versed in not only real estate but also the financial markets.

"We believe CBRE has a responsibility to promote continuous learning and expertise within the sector, and also to ensure that those entering the profession are fully equipped to meet client needs. We're incredibly proud to have forged a partnership with the University of Reading as these new courses will help educate and shape real estate leaders of the future."

Ends

For more information, please contact Lucy Ferguson, Media Relations Manager, University of Reading, on 0118 378 7388 or l.ferguson@reading.ac.uk, Simon Rhodes, CB Richard Ellis, 0207 182 3137 or simon.rhodes@cbre.com, or Claire Barry, FD Tamesis, 0207 269 7122 or claire.barry@fd.com.

More about the University of Reading:

The University of Reading is one of the foremost research-led universities in the UK. Founded in the nineteenth century and gaining a Royal Charter in 1926, we offer a wide range of programmes from the pure and applied sciences to languages, social sciences and fine art. New research and the latest thinking continually feed into undergraduate teaching, with our academic staff working at the forefront of their fields of expertise.

More about the Real Estate and Planning Department:

Reading is home to the largest department in the UK for teaching and research in real estate. Established in 1968, we enjoy a worldwide reputation for excellence in both teaching and research. We are consistently ranked in the top three positions in all major league tables and the US-based Urban Land Institute ranks us as the leading Real Estate centre in Europe. We are now taking a principal role in the development of the University of Reading Business School and are the only Real Estate department in the country to have a separate identity within a more general business school. We aim to maintain the highest standards of undergraduate and postgraduate teaching for the real estate industry and to undertake internationally recognised, leading edge research into real estate, planning and land.

www.rdg.ac.uk

More about CB Richard Ellis:

CB Richard Ellis Group, Inc. (NYSE:CBG), an S&P 500 company headquartered in Los Angeles, is the world's largest commercial real estate services firm (in terms of 2006 revenue). With over 24,000 employees, the Company serves real estate owners, investors and occupiers through more than 300 offices worldwide (excluding affiliate and partner offices). CB Richard Ellis offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. In 2007, CB Richard Ellis was named one of the 50 "best in class" companies by BusinessWeek, and one of the 100 fastest growing companies by Fortune. Please visit our Web site at www.cbre.com.

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