2019 CoreNet Global Academic Challenge (Fully Funded to CoreNet Global North American Summit)

Application Deadline: 13 September 2019

Your ideas could earn you world travel and global networking with the greatest minds in corporate real estate.

CoreNet Global is pleased to announce its 2019-20 Academic Challenges ponsored by Cushman & Wakefield, KI Furniture, and IA: Interior Architects. The goal of this global competition is to raise awareness of corporate real estate as a viable career opportunity amongst college students of all academic disciplines, to connect local chapters and members of the association with future talent, and encourage more universities to include corporate real estate in their curricula.

CoreNet invite students from around the world to think creatively about a problem facing real estate professionals for renowned companies like Google, Duke Energy, AstraZeneca, Whirlpool, and many others. In exchange? Travel the world with an all-expense paid trip to one of our Global Summits in Asia or North America. Challenge your mind power by competing with your peers from around the world. Gain international experience. Connect with experts. Win US $5,000 for your team.

You and your teammates will engage in a contest with competing institutions from all over the globe. Your job is to address challenges like creating an employee experience that attracts millennials while retaining all other generations of employees; or reducing the gap between the speed of business and the typical speed of real estate.

Budding professionals welcome! We’re seeking your ingenuity and creativity. The competition is open to all students (undergraduate/graduate, full-time/part-time) who are currently registered at a recognized university.

Requirements:

The competition is open to students of all disciplines pursuing a Bachelors or Masters degree at a recognized degree-awarding institution, such as a University, Grande École, College or Fachhochschule, hereafter referred to as “University,” on a full-time or part-time basis. Each student must be currently enrolled in classes at their host university throughout the competition, and not have more than 7 years prior professional experience.

A Student Competition

Student teams from universities and academic institutions around the world are invited to compete in an academic challenge whereby students will be asked to play the role of an internal corporate real estate team in order to address a real-world issue facing companies around the globe: develop a proactive strategy to:

(a) “Recession-proof”, to the extent possible, the corporate real estate portfolio,
(b) continue to support the business objectives of the corporation and
(c) ensure that such a strategy does not negatively impact the company in the unlikely event that a recession does not materialize.

Three teams, with a minimum of two (2) and a maximum of four (4) students each, will be selected to compete onsite at the CoreNet Global North American Summit, a professional conference for 3,000+ corporate real estate professionals from around the world, to be held in Orange County, CA, 20-22 October 2019. Interested students will be required to submit a registration form and then respond to several questions, as discussed herein. Based on the quality of their responses to the questions posed, three teams will be invited to participate in the Final Round.

PRIZES

Three teams will be selected from among all the complete submissions received. Teams and their faculty advisors will be provided transportation* to our North American Global Summit and provided with lodging and Summit admission during the competition

THE CHALLENGE

You and your Real Estate Team at Company X, a global leader in either the financial services, IT, pharma/life sciences, or manufacturing sector, have been discussing recent reports about the overall economy. The team sees warnings that raise the specter of recession such as:

•the IMF has lowered its forecasted growth for the world economy in 2019;
•trade tension between the US and many nations, especially China;
•the continued slowdown in the Chinese economy;
•slowing and weakness in the US housing market;
•rising mortgage rates in the USA;
•the narrowing of the yield curve (a signal that bond investors expect a recession); and
•significant economic and geopolitical risks stemming from Brexit, ongoing tensions in the Middle East, and US-Chinese tariff negotiations.

For More Information:

Visit the Official Webpage of the 2019 CoreNet Global Academic Challenge