On the road

mdi is selected to participate for the first time in the annual international real estate challenge (irec)

mdi is selected to participate for the first time in the annual international real estate challenge (irec)

For the first time Spain is selected to participate in the annual International Real Estate Challenge (IREC) competition which invites the best European Masters (on real estate) accredited by RICS (Royal Institute of Chartered Surveyors). Specifically, the Master in Management of Construction and Real Estate Companies of the Polytechnic University of Madrid and the Master in Real Estate Sciences of the Polytechnic of Valencia have been directly invited by IREC, organized this year by the Polytechnic of Milan.

In this year's edition, 11 teams with a total of 54 people of 13 nationalities representing 9 countries, participate developing a project that must respond to the needs and proposal of an investor client. The name of the winner will be decided next Friday 17th January in Milan before a jury of top executives from the real estate sector.

About IREC

The competition proposes that the selected students work, supervised by a tutor, on the basis of the requirements of a project for an investor, which they must transform into a viable one and defend before an expert jury. After developing a strategy for their client during the first days in Milan, each group must travel to a European city and identify the ideal building for their project, assisted by a local broker. This year Helsinki and Moscow have been the cities visited by the Spanish students of MDI. On their return to Milan, they prepare and present their proposal to the first tribunal. The three best groups go on to the next round and defend their project for the second time in front of a panel of senior managers: Mario Abbadessa (Managing Director, Hines Italy), Stephen Coticoni (CEO, BNP Paribas RE Italy), Marco Fedato (International Investment Director, Lombardy Region), Alessandro Gravinese (International Clients Director, Colliers Italy), Nicolò Milesi (Asset Manager, Antrition) and Massimiliano Pulice (President, RICS Italy).

The competition offers students the opportunity to work closely with students from different countries with different experiences and approaches, as well as to establish international contacts and gives them the chance to face real challenges and find viable solutions.

On the other hand, the collaborating companies meet professionals with new interests and minds open to different ideas and possibilities. It also allows you to support the next generation of real estate specialists and to access European-level and networked data and knowledge related to your sector.

Since its inception in 1999, IREC is currently an international benchmark call for real estate and business consultancy. It is estimated that more than 700 students of different nationalities have experienced this unique educational challenge that favours a greater integration of the academic and business world.

JLL Spain has made possible the visit of the team assigned to Madrid, supervised by Borja Ortega, CCO in the company and professor in the MDI Master of the UPM.