Real Estate Executive Program (REEP), a five day program was held beginning on Monday 25th July with stakeholders from the real estate industry as participants.
The participants were taken through sessions by the faculty members comprising of Dr. Laila Macharia, course leader, Dr. Toni Ciochetti and Winnie Ogutu. The sessions included real estate development process, market analysis, assessing risk, managing the site, understanding contracts, regulation for competitive advantage, essentials of project finance, sustainability, making strategy happen and goal setting.The pool of faculty comprised of .
Dr. Tony Ciochetti, the Thomas G. Eastman Chair and Chairman and Academic Director of the MIT Center for Real Estate urged the participants to be mindful of the future environment. He argued that buildings consume more energy and emit the pollutant, CO2 gas than both the industry and transportation sectors.
He insisted on the need for energy efficiency improvements on buildings with LEED certified green buildings to help in the conservation of the environment. He was quick to note a trend in which more companies including people are becoming conscience of the environment therefore they enquire about the energy efficiency measures put in place in buildings before buying or leasing them.
The real estate industry in Africa is on the cusp of an historic expansion. The establishment of economic blocks, rapid urbanisation, economic growth and accelerating household formation are all expected to fuel unprecedented demand. As a result, investors worldwide are taking a greater interest in Africas urban property sector.
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