READING FOUNDATION PATHWAYS TO PROPERTY Review 2018 Pathways to Property Annual Review 2018

PROJECT BACKGROUND Launched in 2012, the Pathways to The aims of the project are: Since the launch of the The project has run six Property project aims to widen access to the real estate profession by raising • To raise awareness of and aspirations project in 2012, Pathways Summer Schools: awareness of and aspirations about the about the diverse range of careers within to Property has: the sector amongst talented students vast range of careers available within the Engaged with over from various backgrounds, increasing sector. students505 have attended the residential the link between the industry and its Led by the Reading Real Estate Pathways to Property Summer School. future talent pool. Foundation at Henley Business School, students,14,000 almost... University of Reading, the project • To increase the diversity of applications was established as a response to the for Real Estate and Planning degrees of attendees had no family experience recognised lack of diversity in the 85% at Henley Business School by of higher education. industry. With the strong support of 3000teachers and careers advisors, and... promoting a career in the property the industry, the project has been able industry and providing students from almost to raise awareness and understanding less advantaged and non-traditional of the property sector amongst of attendees were female and... backgrounds with support into the 47% students, teachers, careers advisors industry through the Pathways to 900parents. and parents. With a successful outreach programme, the project has exposure to Property programme. Attended students from less advantaged and non- 23%of summer school attendees traditional backgrounds, highlighting the have gone on to study or work careers available within the sector and 203events in the property industry. supporting them to access the industry. arranged over

223work experience placements

Pathways to Property Summer School student destinations: Of the 410 Summer School participants who have completed their A-levels, 202 have gone on to study at University. *

Summer94 School participants have gone 29Summer School participants have gone on to study or work in property. on to study Real Estate and Planning at Henley Business School. Of these,

have84 gone on to university and...

10have entered the industry through an apprenticeship.

* Please note these figures are representative of the 252 students that we have been able to track out of 410 students who attended the Summer School between 2013 and 2017. 2 3 Pathways to Property Annual Review 2018

‘Previously I had thought THANK YOU that Real Estate was just the buying and The Pathways to Property project is only able to achieve its In 2018, our individual selling of homes, but the aims and objectives with the generous support from firms, supporters and firms Pathways to Property donors and volunteers offering their expertise, time and volunteered nearly 2000 hours to support the summer school at crucial financial support. Pathways to Property Henley Business School, project by: University of Reading, Thank you to the following firms for their financial support for Pathways to Property: • Engaging students and teachers through amazingly opened my our school outreach programme Bronze Level eyes a lot more to the Gold Level • Hosting a work experience placement Allsop sector - an adventure • Supporting our Open Online Course BH2 I greatly enjoyed • Supporting the 2018 Summer School, and will never forget.’ UK * CAPCO from hosting site visits to engaging with the students throughout the week Leo, Summer School 2018 UPP Foundation CBRE Thank you to the 18 firms International Silver Level who hosted 48 work Eastdil Secured * experience placements Aubrey Orchard-Lisle Frogmore Charitable Trust for Pathways to Property GCW students over one week BNP Paribas Real Estate and Strutt & Parker Great Portland Estate in October 2018: • Allsop Cadogan Estate GVA • BNP Paribas Real Estate Cushman & Wakefield Harvey Spack Field * • Broadgate Estates Properties • British Land JLL • Cadogan Estate Oxford Properties • CAPCO

Redevco Lendlease * • Carter Jonas Shaftesbury • CBRE The The Ellis Campbell • Colliers International Charitable Foundation • Gerald Eve • Hammerson Supporter Level • intu Properties Christopher Rowbotham • Knight Frank Charitable Trust • Landsec Holtby Turner • Lendlease Kontor Space • Oxford Properties The Sutton Trust • Savills UK • SEGRO * Firms that have either increased their level of support or are new donors • The Crown Estate 4 5 Pathways to Property Annual Review 2018

THE PATHWAYS TO PROPERTY READING REAL ESTATE PROJECT BOARD FOUNDATION The Board provides strategic guidance, support and expertise RREF is a unique and forward thinking In 2017–18 RREF: educational charity, established to for the project and the Pathways to Property team. Members support real estate and planning • Awarded over £200,000 to support of the Board are key individuals in the industry and in education education at Henley Business School, 71 Real Estate and Planning students in the form of scholarships, bursaries, and include representatives from firms, alumni and academics University of Reading. As well as supporting Pathways to Property, RREF hardship grants and prizes. from the Department of Real Estate & Planning, engages students to achieve their full • Facilitated over 300 partnerships potential and become the best in the Henley Business School. as part of its Mentoring Programme, industry. This is achieved through providing students with the Industry Board Members Academic and RREF Board Members an extensive mentoring programme, opportunity to have a one-to-one Principal, Touchstone financial support for students in Alan Froggatt Susannah Campbell Development difficulty, an annual careers fair and connection with an alumnus Advisors (Chair) Manager, Henley Business School an evening lecture series, giving them in the industry. Partner, Cushman Director of Alumni Paddy Allen Jean-Pierre Choulet access to the top firms in the industry. • Provided 17 students each with a four & Wakefield & Development, Henley Business School RREF continues to engage with students week internship across 14 different & Executive Director, Reading Real Estate as they become alumni, through Luke Appleby Co-founder, Kontor Space firms as part of the RREF Access Foundation fundraising and networking events that Internship Scheme. Emma Cariaga Head of Operations, help to support the aims of the charity. Canada Water, British Land Kerry Johnston Head of Product Design and Programme Delivery, Chief Investment Officer, Paul Clark Henley Business School The Crown Estate Programme Delivery Managing Director, Paulina Kusiak Fiona Freeman Assistant, Henley Business School FTI Consulting (Secretary) Director, Jane Hollinshead Undergraduate IJD Consulting Limited Richard Nunes Admissions Tutor & Lecturer, ‘I really enjoyed my Bryan Laxton RREF Trustee Department of Real Estate & Planning, experience, learning Henley Business School Claire Maton Senior Programme about different types Manager, The Sutton Trust Edward Shepherd Programme Area of professions that Director for Undergraduate programmes & Lecturer, Department of Real Estate & are within real estate. Planning, Henley Business School In addition, speaking to the professionals gave me Paola Tinti Head of Fundraising, Henley Business School a thorough understanding

Louise Welland Programme Delivery of what occurs daily Manager, Henley Business School in their profession. Julia, Summer School 2016

6 7 Pathways to Property Annual Review 2018

PATHWAYS TO PROPERTY 2018 The project’s key objectives for 2018 were to: Engage with a wider Create an alumni network Support students moving ‘It is more important than ever that we number of young people of Pathways to Property into the industry students increase diversity, in all forms, and attract With the launch of the OOC in 2018, With a number of graduates in the the project has been able to engage With 505 Pathways to Property Summer industry that have gone through the a much wider range of people into the with nearly 200 more students under School alumni, we have a strong Pathways to Property programme there 18 years of age about the exciting number of students at various stages has become a need to develop the project industry. Pathways to Property has had opportunities within the sector. The of their career that we want to keep to include engagement and support first year of the OOC has been a great engaged with Pathways to Property of these individuals. Alongside regular five hugely successful years and, as a success and has broadened the reach and the wider Henley Business School. invitations to Pathways to Property and of the project to those unable to attend Towards the end of 2018 we launched RREF events, the project has hosted its member of the Project Board, it was a the Summer School. ‘Henley Live’; an online portal to engage first engagement evening with these with our global community. We will use graduates to support them through their personal privilege to host its anniversary Celebrate five years of this platform going forwards to engage continuing journey. This is something we hope to develop further, by inviting the celebration. But the real measure of Pathways to Property with our Pathways to Property alumni and support them as they progress current Pathways to Property students In February 2018 Pathways to Property through their journey towards a career who are studying at the University to success are the students themselves – celebrated its five year anniversary, in property. attend, so they can benefit from talking to hosted by The Crown Estate, to others who have gone through the same they have transformed their careers celebrate the achievements of the experience. project to date and look forward to and lives, and are making a vital the exciting developments to come. This was a great event, including contribution to the industry.’ key industry supporters alongside Paul Clark, Chief Investment Officer, The Crown Estate Pathways to Property students.

During 2018, Pathways to Property: attended Reached

hours1687 of time was donated school4 talks and... 4668students by firms as work experience placements for Summer and almost School students, and...

careers36 events. volunteers gave teachers654 and careers advisors 281hours of their time

8 9 Pathways to Property Annual Review 2018

Thank you to the following for allowing their staff And to the following SUMMER SCHOOL 2018 to volunteer their time and support the students for hosting site visits: with their group work: Berkeley Group

From 23rd to 27th July 2018, our sixth in the property industry. Alongside this, displayed just how much they had learnt Berkeley Group Oxford Properties Mapletree UK Management Limited Summer School took place at Henley they were given a snapshot of student throughout the week. Blackshore Property Limited Savills UK Business School, University of Reading. life; living in halls of residence, meeting Network Rail We are extremely grateful for the 95 students from schools and colleges new people and participating in many support received by industry volunteers, British Land Shaftesbury Thames Tower Reading around the UK arrived on campus to social activities. This year the highlight academics at Henley Business School Carter Jonas St James discover more about a career in property, was certainly the group project; each and current students who all contributed meet new people and experience life on a group represented a stakeholder in a Colliers International Strutt & Parker to make this week such a success. All University campus. Across the four days, local mixed use development in Reading students left with expanded knowledge, GCW And the following for hosting site students got to experience university and came together at the end of the experience and far more insight into what visits: lectures, went on site visits, worked on week for a group debate. All students Gerald Eve it is like to work in the industry. We look a group project and met key individuals entered the debate with enthusiasm and Argent (Kings Cross) forward to running this again in 2019! Grosvenor Berkeley Group (Green Park) Kontor Space Mapletree (Green Park) Summer School 2018: Lendlease

attendees.95

42%were female. OPEN ONLINE COURSE (OOC) 2018 saw the launch of our OOC – an online course designed by academics ‘Very user friendly and 43%of attendees are considering at Henley Business School to inform studying a property-related degree simple to use, while more young people about the property after attending the Summer School. industry and highlight the variety of being full of interesting careers available. Run over three weeks, information, especially this virtual course allows participants to learn and interact with our academics, the International industry volunteers and current students. The OOC will continue to run twice a year Quarter case study.’ to increase the project outreach and allow OOC Participant, 2018 ‘Summer School students that may not be able to attend the Summer School a chance to learn has exceeded my more about a career in property. expectations. It has been very informative whilst being really fun. The

activities have been great 192participants were under and I am so glad I have 18 years of age. attended.’

Elysia, Summer School 2018 participants262 were 18–25 years of age.

10 11 Pathways to Property Annual Review 2018

‘Savills has worked in close partnership ‘This bursary will give me the opportunity with RREF for many years and is delighted to solely focus on my course related work OBJECTIVES to have become a gold-level supporter of which will allow me to gradually build my Pathways to Property. This initiative forms career path. This bursary will alleviate a FOR 2018–2019 part of a wider industry commitment to huge financial burden and I cannot thank Build a strong community Develop the level of improving diversity and raising awareness you enough for your support.’ of Pathways to Property financial support offered of careers in property. At Savills we are students to Pathways to Property committed to encouraging diversity Adriano, BSc Real Estate, 2018 Looking ahead we hope to build a students strong community of Pathways to for the benefit of our own business, The Pathways to Property project aims Property students with the help to reduce all financial barriers to Higher our clients and the sector. The Property of our new engagement platform Education by making funds available to Industry, as well as our business, is global ‘Henley Live’. This will enable us to students in need. With a current bursary keep in touch with the Summer School and it is essential that we recruit people offering of £15,000 over a three-year students more effectively, sustaining undergraduate degree, students still from different backgrounds and with the enthusiasm generated from have to raise significant funds to support different skills and strengths who can the Summer School, through work themselves throughout University. experience, mentoring and into the Moving forwards, an increase in the offer fresh ideas and new perspectives. industry. With the support of industry bursary on offer to £30,000 will cover Through supporting Pathway to Property volunteers, Pathways to Property the cost of living, allowing them to take graduates, current students and we offer a number of work placements and a loan for their tuition fees and taking academics we can use this platform the financial pressure off during their get a chance to meet some brilliant young to raise awareness, encourage studies. We hope this will incentivise people who we hope will go on to develop participation, create a larger support applications to study Real Estate and network and ultimately increase the Planning and reduce the burden of debt exciting careers in property.’ percentage of students going into the for those who are successful. Mark Ridley, Group Chief Executive, Savills industry, alongside providing those already out in the industry with more networking opportunities.

Increase the number of young people engaging with the OOC Having completed its first year, the OOC has been a great tool to engage more young people in the property sector. Moving forwards, we wish to raise awareness of the OOC and increase the numbers completing the course by encouraging the industry to signpost students to it. Alongside this we will develop a clearer support function for eligible students who have completed the OOC and wish to pursue a career in property.

12 13 Pathways to Property Annual Review 2018

GET INVOLVED The Pathways to Property project is reliant on the support it receives from the industry and are always looking to engage with more individuals and firms. There are many ways you can get involved:

Financial support Work placements Now in our sixth year the sustained Every October, our Summer School financial support of our partners ensures students are offered the chance to take that the project can continue to work part in a one week work experience towards its aim of widening access to placement. This is an invaluable the real estate profession and raising the opportunity that gives them insight into aspirations of many young people. the sector, experience of a corporate environment and helps guide them on Corporates and individuals can support future career decisions. Pathways to Property at different levels. A commitment to the project We are reliant on the support of firms over a number of years guarantees the across the UK to facilitate this week. We sustainability of the programme and we can provide guidance on the programme recognise these important contributions for the week and Pathways to Property as the following: provides all students with a £250 bursary to cover any associated costs • Gold Level, from £20,000 per year for three years Volunteering • Silver Level, £10,000 a year for three We are always looking for volunteers years to support the project in various ways. • Bronze Level, £5,000 a year for three From supporting the Summer School or years engaging with students completing our OOC, to contributing to our Henley Live • Supporter Level, a donation of up to platform, there are many ways you can £4,999 a year get involved in raising the aspirations of Individual donors can also support the young people making important career project by setting up regular payments. A decisions. gift of £1,000 a year towards the project We are also keen to engage with as many ‘The work experience ‘This bursary will give Contact details means you will be recognised as a RREF secondary schools as possible through pioneer, a gift of £3,000 a year towards was very useful... me the opportunity to If you or your firm are interested in careers fairs and school talks and would the project, and you will be recognised supporting the project or increasing welcome your help to do so. If you have it has helped to develop solely focus on my course as a RREF Ambassador. With an your support, please contact us at a state school based close to work or individual gift of £5,000 a year you will be my career plans and related work which will [email protected] home that you would be interested in recognised as a RREF Major Donor. A gift consolidated my interest allow me to gradually or call +44 (0)118 379 8859 working with please let us know. We can of £10,000 a year for three years can be provide you with any resources needed in studying Real Estate build my career path. directed towards, for example a named and the perspective of someone already Undergraduate Bursary. and Planning in university This bursary will alleviate in the industry is invaluable when talking If you or your firm already support to these students. to become a Chartered a huge financial burden Pathways to Property you may consider Surveyor’ and I cannot thank you increasing your gift or extending your Deborah, Work Experience enough for your support.’ commitment to help make a greater October 2017 difference to the face of the industry. Adriano, Bsc Real Estate, 2018

14 15 For more information, please contact: Louise Welland Programme Delivery Manager (Pathways to Property) Henley Business School University of Reading Whiteknights Reading. RG6 6UD [email protected] Tel +44 (0)118 378 4196

@PathsToProperty live.henley.ac.uk/page/pathways-to-property

B23369