subject 1 | business (6.5 ECTS credit)

This subject provides students with the knowledge needed to lead and manage projects and companies in the fields of architecture and urban planning. Through this training , students should come to understand the impact of managerial, commercial, production, and organizational decisions on resources, profits, liquidity, and value creation within the business , and learn to properly analyze new investment projects.

Among other content, this subject includes:

• Business Situation Analysis: Students learn to design, implement, and evaluate strategies for companies or projects at different stages of their life cycle, including large businesses, small and medium-sized enterprises, and startups or companies seeking to diversify their services. Students learn to develop a comprehensive and financially viable business plan.

• Basic Accounting and Management Control: Students are provided with the tools to interpret data and analyze accounting situations at business, with a special focus on the challenges faced by architecture firms. In this way, students will solidify their understanding of economic concepts, enabling them to make more assessment decisions.

• Finance and Capital Markets: Knowledge of financial accounting and management control from the perspective of a project director , or service business for business analysis and decision-making. The course provides an introduction to short- and long-term financial decision-making, specifically within startups. In addition to the financial management of a business ’s resources, students also acquire advanced tools for managing their own investments.

• Business Strategy: This course focuses on presenting conceptual frameworks and advanced tools designed to help define a competitive business strategy and to foster business growth and consolidation. Students will analyze the business, structure, processes, and organizational setup of architecture-related firms. The course will teach tools for developing the intellectual and analytical skills needed for decision-making and solving management problems in organizations, particularly in architecture firms.

• Principles of Negotiation and Communication: This course introduces the fundamentals of negotiation and effective communication as applied to the professional world. It covers leadership- speech , rational speech , and storytelling techniques, as well as leadership styles and people management. Participants student body acquire tools for team leadership, aligning organizational goals, motivation, performance assessment , and responsible decision-making in complex and global environments.

COURSES:

• Strategy (2 ECTS credit)
• Finance (4.5 ECTS credit)

subject 2 | Human factor (3.5 ECTS credit)

This subject provides students with the knowledge necessary to carry out their professional activities in partnership with other individuals and teams, leading processes and negotiating with the various stakeholders involved in Building or urban planning. The following topics are covered:

• Personnel Management Service, leadership, teams: The course examines the various skills that a true leader must develop through self- knowledge, talent development within the organization, as well as human resources management processes. Students are also prepared to effectively manage diversity and multiculturalism. Special emphasis is placed on effective communication, motivating people, the dynamics of group and work within teams, the dimensions of the organization, development , talent, and change processes.

• Negotiation: The goal is to improve students’ negotiation skills in a internship manner by using new ideas and tools. To this end, the course will provide both a conceptual framework and the opportunity to try out new methods and tactics, and to incorporate into their own repertoire those that best suit their staff style or each status. In addition, the course covers the principles of negotiation, the speech of leadership, the rules of storytelling, nonverbal communication, and rational speech .

• Ethics: This course ( subject ) addresses the ethical implications of decisions related to companies, projects and plans, services, and individuals; these concepts are applied broadly to situations and cases in the professional or business internship .

subject 3 | Directorate of Projects, Construction, and Services (4 ECTS credit)

The course “ subject ” (Urban Planning and Design) addresses the definition of functional programs (both building-related and urban). In addition, it identifies and defines the most relevant contextual characteristics: location, regulatory “ framework ,” stakeholders, etc. Students receive information relevant to the preparation of a professional “ project ” (project proposal): on standards and conventions for the “ presentation ” (preparation) of documentation, its specifications and criteria, and techniques for their application in projects, construction works, and services. It also provides guidelines for integrated project management, focusing on the management and coordination of all stakeholders involved in the various phases, as well as the planning of the necessary time, human, and financial resources.

The “ subject ” is complemented by other related content of interest to today’s professionals, such as innovation and entrepreneurship related to architecture and urban planning; marketing and services in the field of architecture and urban planning; and operations management—ranging from the use of information technology ( employment ) for managing the construction site ( project ) and the design office, to quality management and the outsourcing of certain specialized services—the integration of which will ensure the unity and coherence of complex projects.

The program also covers marketing staff, professional identity, and business communication in the fields of architecture and urban planning. It also introduces the principles of negotiation, leadership, and effective communication, along with management styles and team leadership. The student body acquires core topic concepts related to motivation, goal alignment, assessment performance, development , and ethical and responsible decision-making in complex and global organizational environments.

subject 1 |Real Estate: Markets / Real Estate Market Analysis (4 ECTS credit)

This subject is based on the study and knowledge of the economic variables of the real estate market, linked to the use of innovative tools for the analysis of the real estate market from an urban and international perspective. It is based on the study of urban growth in metropolitan areas, their trends, problems and opportunities, in order to infer the implications they have for real estate demand.

Specifically, this module enables students to conduct (macro- and micro-) demand analyses for different types of markets and properties: residential, commercial or retail, office, logistics or industrial, etc. In addition, these programs of study are complemented by other tools designed to estimate prices, rents, and fees project absorption rates, as well as to match the attributes of the project of development with potential users.

Therefore, this subject will help you discover the similarities and differences in the real estate markets and is core topic for applying your knowledge of real estate investment and finance to other areas, as well as serving as an introduction to other topics related to project management, aimed at understanding the products at development within the area of real estate and the roles of the various stakeholders involved.

subject 2 |Real Estate: Investments / Commercial Real Estate Investments (4 ECTS credit)

This subject serves to provide students with a competent theoretical and practical knowledge of the main investment vehicles, tools and processes linked to commercial real estate. In particular, the investment side of Real Estate will be analysed, with a special focus on its value in economic and mathematical core topic . That is, the measurement of the return on investment, the micro DCF and NPV analysis, the discount fees or the behaviour of the cash flow. In addition, the subject addresses the implications of financial leverage in real estate, alternative sources of resources (both financial and non-financial) are exposed, after-tax investments are analysed and knowledge is given on the capital structure of real estate investment in RE.

To help students grasp this material, the course “ subject ” will frequently draw on investment analyses from programs of study , project investments from development , and Excel modeling of various real estate investment vehicles. Students will learn how to make investment decisions and prepare investment reports and analyses.

In addition, the course covers valuation methods, including: Value Content (Residual Method), Applied evaluation , Net Present Value (NPV), and Internal Rate of Return (IRR) for the Real Estate Business, as well as Land Value.

subject 3 |Real Estate Finance / Real Estate: Finance (4 ECTS credit)

The course “ subject ” Real Estate: Finance provides students with practical knowledge about the financing of residential and commercial real estate—in the broadest sense—which are two areas closely intertwined with decision-making in real estate. To this end, the financing of both types of properties will be analyzed from different perspectives, including market participants, policy, the regulatory context, and the mortgage market, among others.

Thus, with regard to residential financing, special attention will be given to the mechanics of fixed-rate mortgage loans, alternative mortgage instruments, real estate financing and securities, housing policies, the secondary mortgage market, default risk management, and the origination, processing, and closing of loans.

Furthermore, in the areas of commercial real estate financing, real estate development financing, finance and alternative investments, equity finance, and financial modeling, the module provides insights into real estate tax rules and regulations , sources of funding for commercial real estate, acquisition and development loans, property Structures , and the dynamics of the subprime mortgage crisis.

Finally, all of this is complemented by a study on the stability of the financial market in relation to political subject interference and various banking regulations.

subject 1 |Real Estate: Transactions (4 ECTS credit)

The " goal " offered by subject aims to prepare students to become competent professionals in the field of real estate management and to gain an understanding of this professional world by learning how to carry out the essential operations involved in the development of real estate products.

This course will examine the processes involved in the design , and execution of real estate developments, both in terms of their inherent characteristics and those resulting from interactions with stakeholders and professionals involved in real estate market operations. In this context, the course will cover topics related to business model s and feasibility studies for real estate transactions, including the analysis of the project, its management, and development, as well as the processes of marketing, sales, leasing, and asset management.

Likewise, the “ subject ” delves into the criteria for measuring and evaluation real estate developments, with a special focus on converting opportunities into viable projects and launching residential developments. In this way, students will be able to understand not only the projects development in line with prevailing trends in the real estate sector, but also to research products that may become leading and innovative in the future.

subject 2 |Real Estate: Management / Property and Strategic Management (5 ECTS credit)

This subject course delves into the knowledge and governance of Structures and corporate real estate strategies, as well as the negotiation and administration of real estate and other assets, while also incorporating content related to security, protection, and emergency procedures associated with the management of these assets.

Therefore, this course will examine corporate strategies, as well as the various functions and organizations that operate and manage corporate Departments in the real estate sector. In connection with this knowledge, students will practice making decisions regarding corporate strategies—with both a national and international perspective—within the real estate sector.

The program will also cover real estate asset management, sales and leasing, as well as the administration of all real estate- subject , which also requires knowledge of facility management. This training must be complemented by instruction in the management of other non-traditional real estate assets, which are becoming increasingly common in the international real estate market.

subject 3 |Real Estate: framework Legal (3 ECTS credit)

This subject course provides students with knowledge on those aspects of urban planning law and Administrative Law that affect and are linked to the real estate sector, both nationally and internationally. An important aspect is the knowledge applied to planning, rules and regulations , and urban management tools, as well as administrative procedures.

Another key area of expertise at training ( section ) is contracts, which may include sales and lease agreements, as well as development, construction, “built-to-rent,” “turnkey,” or technical “ consultancy service ” agreements—each with its own specific characteristics.

A third section addresses the concept of property in the real estate sector—ranging from land and lots to condominiums and real estate complexes—in connection with the knowledge of the notarial and registry internship that applies to them.

This section relates to financing issues—such as interest rates, transactions, guarantees, subrogation, novations, etc.—as well as those arising from taxation and the capital markets.

subject 1 |Macroeconomics: Social and Environmental Challenges (2 ECTS credit)

This subject complements the other subjects in the programme and addresses, from a macroeconomic perspective, the social and environmental challenges of the sector as a differential factor in decisions, in such a way that quantitative criteria coexist with urban, social and sustainable criteria.

Students will identify the challenges facing 21st-century society and how the real estate sector, within its own sphere, should contribute to the search for solutions.

In addition, the course delves into the incorporation of sustainability criteria into real estate evaluation and management, analyzing international certifications (WELL, LEED, BREEAM), urban policies aimed at sustainable cities, and the use of economic indicators that integrate social and environmental dimensions into decision-making manager.

subject 2 |Ethical Challenges in Real Estate (4 ECTS credit)

This subject enables students to incorporate ethics into their decision-making, both at the individual and organizational levels.

To this end, the necessary anthropological instructions will be provided to help students understand the human person and its implications, both in terms of the student’s own development staff and in terms of understanding the people around them: clients, colleagues, etc.

It will also address the social responsibility of organisations, the policies that articulate ethics within companies and their integration with regulatory compliance.

Through case studies, students will have the opportunity to discuss the most common problems in the field of organizations in general and real estate in particular.

subject 1 | Internships (6 ECTS credit)

Mandatory internships at domestic and international partner organizations and companies, managed by the university itself, which may also serve as internship sites. Through this subject, students will gain direct exposure to contact the business environment and development specific projects, integrating the knowledge and skills acquired throughout the rest of the training program.

subject 1 | data / Business & Data Analysis (4 ECTS credit)

This subject is a complementary training that refers to "Big Data" and is a set of additional skills that are indispensable for any professional in the sector today, such as the ability to collect, analyse and present data, as well as to know how to use it for evidence-based business decision-making.

Due to the importance it has acquired in the design and management of real estate projects, it is essential to be trained in the quantitative analysis of operations, in the capture and modelling of data, as well as in the management and visualisation of this data.

subject 2 | work End of Master's Degree (TFM) (6 ECTS credit)

development of a project in which the knowledge, skills and competences acquired are integrated and applied to a specific case to be solved. It can be constituted by the approach of a theoretical project or it can be the solution of a concrete problem or part of it within the Real Estate sector.

There is the possibility of adapting the “ work ” (End of “ Master's Degree ”) to a “ business ” focused on the real estate sector, its operators, and related professionals, where criteria, processes, and techniques specific to this field are applied in their “ work .” In this case, students would apply the knowledge acquired in the modules of the “ Master's Degree ” to a specific case study developed in the “ business,” always under the “ tutorial ” of the program.