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


The Chair for Real Estate Development was founded in the winter term 2015/ 2016 and is dedicated to a wide range of economic issues for real estate in the context of architecture and urban development. The research focus lies on the development, planning, realization and management of sustainable and economic buildings as well as infrastructures over their life cycle. Current topics in the field of planning economics are considered for complex construction tasks with respect to both, the planning process and the planning object, such as a building or an urban district.


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, digitalisation (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.


The teaching programme 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 overarching goal is to strengthen design planning and optimisation 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.