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TU Dublin at the International Real Estate Challenge 2019

Posted: 1 February, 2019

In January, eight TU Dublin students from the School of Real Estate and Construction Management, travelled to Milan, Italy to take part in the International Real Estate Challenge (IREC) 2019.

Left to right: Martin Hanratty, Head of Department of Real Estate, Cara McDowell (winner), David Courage (runner up), Emma Parker, Patrick Kavanagh, Brian O’Farrell, Marcelli Stanitz, Charles McEvoy, Niall Flood, Anne Russell, Lecturer

These students were Cara McDowell, Niall Flood, Emma Parker and David Courage of the Property Economics course and Brian Farrell, Patrick Kavanagh, Marceli Stanisz and Charles McEvoy of the Auctioneering, Valuation and Estate Agency course. IREC is an international competition with student teams, both undergraduate and postgraduate, from universities and polytechnics in Italy, Slovakia, Russia, Germany, Poland and Ireland taking part.

The challenge began in Milan where the students were put into groups with students from the various universities. They were then given the hypothetical client strategic brief outlining their clients' requirements about real estate in the future. Each group was allocated a city, and once they had established their clients’ needs, they travelled to that city to investigate the real estate options available for their client. There they inspected three buildings and had presentations from an international firm of Chartered Surveyors.

The final stage of the challenge involved the student groups returning to Milan to pitch their allocated city and real estate choices to experts from the Italian business and real estate world including our own Tom Dunne, Head of Surveying and Construction Management. All of our students represented TU Dublin exceptionally well, with two getting into the final round, and one student, Cara McDowell, contributing strongly on the winning Leipzig team. Well done to Cara and to all our students!