The HEC Foundation, HEC Paris, Morgan Stanley Real Estate and Unibail-Rodamco announced a partnership to create the 'Real Estate Chair' at HEC Paris to promote academic and business education across Europe in the fields of real estate economics, finance and management.
"Founding this chair consecrates commercial real estate apart as its own sector of activity," said Guillaume Poitrinal, CEO of Unibail-Rodamco. "Professionals who are leading the real estate industry with energy and innovation have international careers that are demanding, wide-ranging, and fulfilling all at the same time. That's why we are proud to be able to contribute to training tomorrow's entrepreneurs."
"We are pleased to partner with Unibail-Rodamco, one of the leading real estate companies globally and one of our longest relationships in the sector, and with HEC, the leading business school in Europe and an outstanding academic leader in business education and research," said Struan Robertson, Global Co-Head of Real Estate Banking at Morgan Stanley. "We have created a program that affords students across Europe the opportunity to develop and enhance their skills to succeed in real estate finance, investment and asset management."
Daniel Bernard, Chairman of the HEC Foundation, added, "HEC is proud to welcome Morgan Stanley and Unibail-Rodamco as members of the HEC Foundation. This chair, the first of its kind, will contribute to developing new teaching in the financial mechanisms of the real estate industry".
Bernard Ramanantsoa, Dean of HEC Paris, is pleased with this new chair. "In creating this groundbreaking chair, Morgan Stanley and Unibail-Rodamco will enable HEC to be at the forefront of innovation in real estate," he said.
The chair will be held by Alessandro Citanna, HEC Finance and Economics Professor, Doctor of Economics from the University of Pennsylvania and winner of the Vernimmen Teaching Prize in 2007. The main objectives of the 'Real Estate Chair' are:
This Chair will include specific educational courses focused on international real estate finance, economics, asset management and development as well as on real estate transactions. Students will also have the opportunity to explore thoroughly a variety of issues related to the global real estate industry through interactions with leading professionals and to gain exposure to cutting-edge research. Morgan Stanley and Unibail-Rodamco will support the Chair for a period of three years and will become members of the HEC Foundation. Unibail-Rodamco will also become a partner of the CEMS network of 17 European business schools. The partnership agreement was signed on June 20, 2008 by Daniel Bernard, Chairman of the HEC Foundation ; Bernard Ramanantsoa, Dean of HEC Paris ; Guillaume Poitrinal, Executive Chairman and CEO of Unibail-Rodamco ; Struan Roberston, Global Co-Head of Real Estate Banking at Morgan Stanley ; and St