Changing user requirements, new legal stipulations, and changes in environmental conditions are increasingly influencing investment decisions, leasing decisions, and financial decisions in the international real estate market. Early sensitization to the necessity of an integral orientation toward sustainability has become essential for securing competitive advantages for all market actors. An interdisciplinary view of real estate and real estate companies is indispensable in order to accommodate the emerging demand for sustainability in all areas of the real estate industry.
The center of excellence for sustainability in the real estate industry takes up this theme, which is becoming increasingly significant, and examines the role of the real estate industry from an academic and practice-oriented viewpoint in the context of the social and climate change which is occurring. Here, understanding sustainability conforms to the principle of the Triple Bottom Line. We analyze possible approaches of ecological, economic, and sociocultural aspects of sustainability on both the property and corporate level, and discuss their practical relevance. Here, it is particularly the influence and significance of the different rating and reporting systems that are studied scientifically.
Research topics
3-stage approach of the center of excellence
"Identify and understand": e.g. effects of climate change and the consumption of resources on the real estate industry, intergenerational challenges, sustainability due diligence
"Avoid and adapt": e.g. CSR/ESG/GRI for real estate companies, sustainability review, Life Cycle Costing
"Change and innovate": e.g. creation of sustainability benchmarking, standardization of testing standards (DGNB, LEED, BREEAM), further development of Green Leases
Educational objectives
In view of the very recent nature of this scientific field, the aim of the interdisciplinary courses is to put students in a position to develop creative problem-solving methods for the real estate industry. It is very important for the entire sector for future decision-makers to become sensitized early on in regard to sustainability, because dissolving the apparent tradeoff between ecology, the economy, and social justice contributes to achieving intergenerational fairness and to global climate protection.
For more information on the center of excellence for sustainability in the real estate industry, Prof. Dr. Sven Bienert MRICS: >>>