IREFIM · ESCP

About Us

With programs offered in Madrid, Paris and London, arguably some of the most important, beautiful and dynamic real estate cities in Europe, the Institute offers innovative program studies, and serves as a unique and effective forum for fostering academic work in the fields of real estate technology, real estate development, real estate finance, real estate economics and real estate management.


IREFIM is committed to excellence in education through a creative and innovative curriculum. In addition to in-house training, the Institute offers first-class education programs, including the Master of Science in Real Estate, the Executive Programme in Real Estate and ESG (EPRE), the Certificate in Real Estate Finance and Investments (CREFI), the “hotel real estate investments” track of the Master of Science in Hospitality and Tourism Management (MHM-RE), the Real Estate track in the Master in Management (MIM-RE), and the Budapest Institute of Banking-ESCP Summer School in Real Estate. The world-renowned faculty and guest expert practitioners combine theory with real-world applicability to prepare students to become leaders in the industry.


IREFIM supports cutting-edge research on core areas as defined by the Institute’s Advisory Board. Our group of research fellows is comprised of internationally recognized thought leaders who are contributing to the world's understanding of innovations in real estate technology, securities market analysis, commercial real estate, affordable housing, mortgage debt and default, house price bubbles, urban economics, green sustainable real estate development, and more. Funding research opportunities and visiting scholar grants are available for projects that meet the highest standards of scholarship in the field of real estate.

OUR TEAM

Jaime Luque

IREFIM Director

Fernando Cubillo

Associate Director IREFIM

Claire-Marie Gadot

Director, ESCP Real Estate Alumni Association (Paris)

Ramón Fisac

EXECUTIVE DIRECTOR OF THE MSC IN HOSPITALITY (INC. HOTEL DEVELOPMENT TRACK)

Message from our Academic Director

Real estate plays an integral role in the economy. It creates places to live and commercial spaces for companies. Asset classes include residential, commercial, industrial, logistics, and hospitality. Real estate also contributes to the financial industry by providing a permanent source of revenue to investors. Well-known examples of such investments are mortgage-backed securities and REITs.

The ESCP Institute of Real Estate Finance and Management is determined to influence the real estate sector with our offer of education programs. The high-quality research produced by our faculty brings new perspectives to existing debates and problems.

2022 has been a great year in this field for ESCP!

Under the leadership of Frédéric Genta, Country Chief Digital Officer of the Principality of Monaco and alumnus, and myself, the ESCP-Monaco Real Estate Tech Innovation Program aims at transforming the real estate sector by embracing new technologies. The collaboration has several goals, including the production of the Global PropTech Annual Barometer, an annual international ‘Monaco Real Estate Tech Summit’; and the introduction of internships and junior international consultancy projects for ESCP graduate students in the Monegasque private real estate market. The Global PropTech Annual Barometer was presented is different international audiences, including the Dubai PropTech festival and the Barcelona District event. These initiatives, among others, will bring the real estate sector into a new era of more responsible, sustainable, and environmentally friendly practice, and will position Monaco’s real estate market at the forefront of innovation.

On the education front, we recognize that real estate companies often rely on well-trained workers capable of making investment decisions in an environment of complexity. ESCP now has more than 190 graduate students joining our real estate programs, including the Master of Science in Real Estate, the Master in Management – Real Estate Specialization, and the Master in Hospitality – Hotel Development track. Classes are delivered at our campuses in Madrid, London, and Paris. Field trips, live case studies, and other activities contribute to the excellence of these programs. Consultancy projects and internships in top real estate companies are a hallmark of our curriculum and help reinforce the role of ESCP as a world-leader in business education.

In collaboration with the private real estate sector, ESCP also organizes a series of round tables and seminars covering topics on residential, office, retail, logistics, property management, and project management.

ESCP also offers cutting edge executive education for real estate professionals. In this front, I am proud to announce the launching the Executive Programme in Real Estate and ESG. Students will learn about the very best practices, concepts and future trends in hotel development, retail management, logistics acquisitions, affordable housing investments, real estate capital markets, ESG ,PropTech, and sustainable cities. The 5 field trips to major European capitals – Martigny (Switzerland), London (UK), Paris (France), Madrid (Spain), and Budapest (Hungary) -- complement the online courses and add value to a truly international learning experience.

Another hallmark of our executive education program is the “Summer School in Real Estate” in Budapest, Hungary, organized by the Budapest Institute of Banking (BIB) and ESCP Business School. In June 2022 the two institutions organized the 4th edition of this summer school, which consisted in an intense one-week 30 hours course in real estate finance and investments, and another 30 hours of seminal lectures by well-recognized real estate professionals. The fourth edition was a success!

Finally, my most sincere gratitude to the Executive Committee members of the ESCP Real Estate Association Sami Tahir, Emma Perichon and Artus Beaumartin-Granier for their outstanding work in bringing together a community of students who are passionate about real estate development, smart cities, and urban development and who aim to start their professional careers in the real estate sector. Special thanks to the leadership team of the association: Ana Ramos (Executive Director, MSc Real Estate), Vanessa Termes (Program Manager, MSc Real Estate), Claudia Russo (Executive Co-Director, REAS), and Claire-Marie Gadot (ESCP Real Estate Alumni Association, Paris Head Delegate), who are doing a fantastic work organizing guest speaker lectures, field trips from which students can learn the “know-how” of the real estate development business, and network events with industry experts who can ultimately facilitate internships and job opportunities.


Jaime Luque

Academic Director

Professor of Real Estate, Director of the ESCP Institute of Real Estate Finance and Management, and Director of the Monaco Real Estate Tech Innovation Programme

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