NEW YORK (January 19, 2005) New York University will establish with China’s Renmin University an innovative real estate education program in Beijing, announced Dean David F. Finney of NYU’s School of Continuing and Professional Studies (www.scps.nyu.edu).
The new program in Global Real Estate Finance and Development will provide specialized training to executives within China’s real estate and construction industries, covering such subjects as property investment and valuation, loans and other investment vehicles, and real property law. Upon completion of the two-week curriculum, developed by the renowned NYU Real Estate Institute and taught by local professors, graduates will be awarded a professional certificate from New York University. Classes are expected to begin at Renmin in the spring 2005.
The certificate program was created in response to the educational needs of China’s real estate industry that has in recent years experienced frenetic activity and booming growth. According to local experts, China has some 35,000 property developers and investment in real estate development in China totaled about $ 99.82 billion in 2003, up 32.5 percent from the previous year. In Beijing alone, 20 million square meters of new residential space was built in 2003; even more was built in Shanghai that year. Further, the country is building dozens of new airports, miles of highways and other infrastructure to accommodate this expansion, and to prepare for the 2008 Summer Olympics.
“NYU’s School of Continuing and Professional is proud to be allied with Renmin University, one of China’s most distinguished, in creating this exciting new education venture,” said Finney. “With China’s economic growth accelerating, the People’s Republic enters a new era of opportunity. Sustaining this growth requires the building of high-quality housing, commercial and industrial facilities and thus demands real estate and construction management professionals educated in the latest methods and techniques to lead this development.”
Prof. Li Xiang, dean of Renmin University’s School of Education and Training said, “The real estate finance and development executive program offered by New York University in cooperation with Renmin University of China will bring new blood to our real estate industry, offering a broader view and cutting-edge management concepts to Chinese real estate executives.”
Based in New York City, NYU SCPS enrolls over 40,000 working professionals annually within its industry-focused degree and non-degree certificate programs. One of the largest and most prominent private research universities in the U.S., NYU has a national and international focus; fully 10 percent of its students in New York are from other countries. Further, many international students now study through distance learning programs offered by NYU SCPS.
In 2002, NYU SCPS was the first educational institution awarded a Presidential “E” Award by the U.S. Commerce Department because of the School’s leadership in the growing export of American education services to the world. And this new certificate program is only the latest of several educational undertakings between the School and Chinese industry. In the past few years, for example, the NYU Center for Publishing has hosted a series of management training forums in New York for executives in China’s burgeoning publishing industry.
The NYU-Renmin University alliance was conceived and will be managed by NYU Corporate Learning Services (CLS), a division of NYU SCPS. CLS creates customized training programs for business, government, and other major organizations; training is offered in the classroom and online, and uses NYU course content and professors.
The School of Continuing and Professional Studies at New York University [www.scps.nyu.edu] has been for 70 years a recognized leader in the education of adult learners, offering a broad array of professional and industry-oriented degree and non-degree academic programs. NYU SCPS educates more than 50,000 students annually, offering each semester over 1,500 courses, seminars and conferences that span more than 125 fields. The School offers busy professionals the choice of 12 masters degree programs, 21 bachelors programs, six associates degrees and seven graduate and over 160 other professional certificate programs to educate them for leadership in New York City’s key business sectors, ranging from real estate, healthcare, management and hospitality to marketing, finance, law, film entertainment and publishing.
Founded in 1937, Renmin University of China is one of the most renowned, comprehensive research-intensive universities in China. It focuses on humanities, social sciences, and the science of management. Its humanities and social sciences are among the top programs in China. RUC is also the site of many international academic organizations, and it has currently established cooperation and academic exchange programs with more than 100 universities in over 60 countries.
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