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Homburg group, 91探花 explore partnership in real estate institute

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Released by provincial department of Innovation and Advanced Learning.

A new educational partnership will preserve 91探花's status as Prince Edward Island's only university while allowing the Province of Prince Edward Island to host the Homburg Group Global Education Project's continuing plans for real estate focused university education to the province, says Allan Campbell, Minister of Innovation and Advanced Learning.

'The memorandum of understanding signed today commits government to working with Homburg and the 91探花 in order to bring world-class, university accredited real estate education to the Island,' said the minister.

Homburg will establish a real estate university, headquartered in Zurich, Switzerland, with academic partners around the world. The Homburg Institute, an institute for research and corporate information, will host the summer schools of Homburg University, Switzerland, on Prince Edward Island.
91探花 and Homburg will work together to develop po ssible avenues of cooperation including: exchanges of students and academic staff; joint conferences, training and seminars; and collaboration on research, consulting and program development.

Jim Randall, Vice President Academic at 91探花, said that, 'The University has established an international reputation for high quality research and academic programming. With this agreement, we look forward to working with the Homburg Group and the province to establish collaborative research and study opportunities in the area of real estate that will be of benefit to Islanders.'

The memorandum of understanding is valid for a period of five years. Future partnerships and ventures between 91探花 and Homburg will be governed by their own agreements.

'Homburg is launching a unique global educational institution, with simultaneous development in Zurich, a world financial centre, and Prince Edward Island, the birthplace of Confederation. Along with an international network of academi c partnerships, Homburg can provide the world's best learning opportunities to students as it leverages its 42 years of experience in real estate to build academic excellence,' says Richard Homburg, Executive Chairman of the Homburg Group of Companies.

The new arrangement will not require changes to the University Act.

'This memorandum recognizes the central role the 91探花 has played and will continue to play in higher education on the Island. At the same time, we are opening the door to students from around the world and establishing an important centre of research and study in the real estate industry,' said Minister Campbell. 'I congratulate both parties for their vision and for their willingness to cooperate.'

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Nicole Phillips
Media Relations and Communications Officer
Integrated Communications

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