The Bartlett Real Estate Institute (BREI), part of UCL’s world-class faculty of the built environment, will be a focal point for all built environment professionals to re-think real estate.
The Bartlett Real Estate Institute (BREI) is a new global institute that is rethinking the traditional view of real estate that has left many questions unanswered. If we are to solve the profound problems of the 21st century, we need to understand more deeply, appreciate more widely and measure more accurately the many forms of value that real estate creates.
Many varied forms of built asset are defined as real estate, which currently accounts for around 60% of the world’s tangible wealth. But to recognise real estate solely in terms of its financial value – as a commodity in a tradeable market – is only part of the story.
Real estate is the physical manifestation of many different needs, from the highly tangible and practical to the esoteric and intangible. Real estate reflects our creativity and imagination and has an impact on our societies, our economies and the environment.
Understanding or measuring the extent of this impact in monetary terms is not straightforward. For example, how does it affect our creativity, productivity, health and wellbeing, crime, and community cohesion? If the real estate sector is to recognise its full contribution to society, the economy and the environment, these factors must be better understood.
The BREI recognises the richness and diversity of the value that real estate generates. Our approach to the built environment will be holistic rather than from a single, specialist viewpoint. We will be tackling head-on the challenges presented by a changing world. The BREI will enable students, delegates and organisations to evaluate real estate critically within a broad societal, economic and environmental context.
The BREI will bring together broad and diverse perspectives from across UCL and beyond. We will focus on a wide range of 21st-century challenges and opportunities. We will solve the problems of real estate together and communicate our findings to those responsible for planning, creating and running built environments all over the world.
We believe that the long-term future of the real estate industry rests on our ability to take on this task. In doing so, we will redefine the meaning of real estate.
The BREI is a place for anyone involved in the creation and curation of the built environment. Our space will bring together landowners, financiers, investors, managers, homeowners, local and national governments, planners, housing providers, retailers, distributors, health professionals, educators, academics, designers, architects, engineers, infrastructure committees and many others who have a hand in creating places for people.