Profile

  Actors at the Büchel in Aachen Copyright: © Del Portillo Walczak, Karpachev, Toellner  

Profile

The Chair for Real Estate Development focuses on the optimization of project development and planning processes in consideration of changing requirements for the building industry and market. The overall target is to optimize a design planning of a building or urban district with regard to sustainable and economic issues. The work is based on surveys, comprehensive analysis on demand and supply, and living lab investigations under real conditions.

Research

The research focuses on the optimization of project development and planning processes in consideration of changing requirements for the building construction and use. Against the background of current findings in both, digitalization (Building 4.0) and overall life cycle analysis, the integration of innovations from the construction industry and other sectors gains in importance.

Another research focus is the enhancement of the real estate development approach for specific building categories such as for residential buildings, industrial or healthcare properties. Within the Corporate Real Estate Management (CREM), this also includes the development of specific standards basic principles, methods and tools as well as their integration into international planning and control processes.

Teaching

The teaching program includes, in particular, the fundamentals of real estate economics in the Bachelor's degree as well as seminars, drafts, project and Master's theses on cost-benefit analyses and economic feasibility studies in construction, on sustainability certification and on feasibility studies in the Master's degree. The overall goal is to strengthen the design planning and optimization with regard to real estate economic issues. In doing so, the students also have the opportunity to deepen the perspectives and performance profiles of other project participants such as owners, investors, project developers, users and operators.