Aareal Award of Excellence in Real Estate Research
Real Estate Management Institute (REMI) of European Business School (EBS) and Aareal Bank AG annually present the "Aareal Award of Excellence in Real Estate Research" to reward superior endeavour in the field of real estate economics.
Link between theory and practice
"Research and science must not stand apart from actual practice: Comprehensive, applied basic research enables us to put what we actually do on a sound theoretical footing" explains the head of REMI, Prof. Nico Rottke. "The Aareal Award creates an incentive for up and coming talent to get involved in research." Rottke explains that it is REMI's task to offer state-of-the-art training and continuing education in real estate research at the highest level and to foster that research at the same time.
REMI is looking to lay the foundation for real estate sector growth and success by gearing itself internationally to an interdisciplinary approach and a strictly practical orientation. Aareal Bank AG has sponsored a professorship at the REMI since 2006 and has strengthened the cooperation with the Award since 2008. Dr Wolf Schumacher:
"Two partners have found each other here who match very well in terms of their desire to innovate in their respective areas and in terms of their international orientation. In our view REMI is a valuable interface to the academic insights of real estate research. We as a bank and the sector as a whole profit from that."
Cooperation with the Real Estate Management Institute at the European Business School
Since 2006, Aareal Bank AG has been sponsoring a professorship for the Real Estate Management Institute (REMI). The REMI is a valuable interface to the academic insights of real estate economics.
The cooperation between universities and business offers a wide variety of opportunities for collaboration. The close network of business contacts provides EBS (European Business School) students with optimum mix of theory and practice. This intensive exchange is what makes EBS so unique. Additionally, this partnership facilitates research activities with a practical application, the identification of relevant issues and access to the requisite sources of information.
Aareal Award of Excellence 2011
Media partner of the Award 2011 are the magazines "Immobilien Manager" und "Property Finance Europe". These magazines support the jury especially with defining the catagories for the call for papers.
You can propose your work for the next year's award until 19 November, 2010, for the following topics
- Real Estate Finance
- Corporate Responsibility in the Real Estate Industry
- Regulatory Framework and Real Estate Markets
in the categories
- Doktorarbeiten / Ph.D.-Thesis
- Research Paper
- Bachelor-/Master-/Magister-/Diplom-Arbeiten
Aareal Award of Excellence 2010 - Preisverleihung
(in englisch)
Aareal Award of Excellence 2010
We proudly inform you that the winners of the 3rd Aareal Award of Excellence in Real Estate Research 2010 are:
Master-/Bachelor-/Diploma Thesis
The winner in the category "Master-/Bachelor-/Diploma Thesis" is Oliver LehmannOliver Lehmann for his bachelor thesis on "Return forecasts for indirect real estate investments – an approach for open ended real estate funds".
Oliver Lehmann is currently employed as a trainee at Landesbank Baden-Württemberg in the field of product management and marketing control corporate customers. In 2009, he graduated in business administration with a Bachelor of Arts in Banking at Baden-Wuerttemberg Cooperative State University, Stuttgart, Germany.
Research paper
The winner in the category "Research paper" is Thies LindenthalThies Lindenthal for his paper on "Demographics, Human Capital and the Demand for Housing".
Thies Lindenthal is currently employed at Maastricht University as a PhD candidate at the Department of Finance. He is also the founding director of Finn GmbH, Berlin, Germany. In 2009, he was visiting scholar at the Goldman School of Public Policy at the University of California, Berkeley. He has spent an ecchange semester at the Hong Kong University of Science and Technology and has won the Doctoral Prize at the European Real Estate Society in 2007 and was PGDA Visiting Fellow for the month of December, 2008, at Harvard School of Public Health.
Dissertation
For the third category "Dissertation" the winner is Paavo MonkkonenPaavo Monkkonen for his dissertation on "The Housing Transition in Mexico: Local Impacts of National Policy".
Paavo Monkkonen is currently employed as an assistant Professor at the Department of Urban Planning and Design at the University of Hong Kong. After his Master of Public Policy at the University of California, Los Angeles, in 2005, he gained his PhD in City and Regional Planning at the University of California, Berkeley, in December 2009. Since that he is a principal investigator on Spatial Dynamics of the Hong Kong Housing Market. He also serves as an editor for the Berkeley Planning Journal. He has also worked as a GIS and Planing Consultant at a Wind Energy Project for Energia Sustentable, Tijuana, Mexico since 2007. In 2009 he won the Benjamin Stevens Fellowship from the Regional Science Association.
Press release (26.02.2010)
Aareal Award of Excellence in Real Estate Research awarded for the third time
- Dr. Wolf Schumacher (Chairman of the Board Aareal Bank AG), Paavo Konkkonen (Winner), Thies Lindenthal (Winner), Oliver Lehmann (Winner), Prof. Dr. Nico Rottke (Executive Director EBS Real Estate Management Institut), Charlie Müller (Chairman EBS Real Estate Department), Olaf Hütten (Publishing Director "Immobilien Manager Verlag")
Award ceremony 2009
- Prof. Dr. Nico Rottke, Dr. Wolf Schumacher, Dr. Felix Schindler, Nils Kok, Tobias Pfeffer
- Prof. Dr. Nico Rottke, Dr. Wolf Schumacher, Miriam Waibel, Desirée Springmann, Maximilian Brauers
For the first time, the competition was directed at students from international universities. The award carried prize monies totalling € 12,000.
The award ceremony took place on the campus of the European Business School in Oestrich-Winkel during the Congress "Economy versus ecology – environmental efficiency in the German Real Estate Industry?”. An independent jury assessed this year's excellent work in the areas of real estate financing, real estate risk management and energy management in the real estate sector.
Category PhD/Research
The first prize in the category PhD/Research was taken by Nils Kok, Netherlands, for his work "Corporate Governance and Sustainability in Global Property Markets". The other awards in this category went to Dr. Felix Schindler ("Immobilienmärkte - eine globale Analyse ihres Kapitalmarktverhaltens" – Property Markets - a Global Analysis of Their Capital Markets Characteristics) and Tobias Pfeffer ("Performance of REITs - A Sector- and Company-based Analysis of Links and Time Lags between Real Estate Markets Cycles, Earnings and Pricing of REITs").
Category Master-/Bachelor Theses
The prizes in the category Master-/Bachelor Theses were taken by Maximilian Brauers for his work "Preisblasen auf Immobilienmärkten und die Rolle der Geldpolitik" – Price Bubbles on Property Markets and the Role of Monetary Policies) (ranked no 1) as well as Desirée Springmann ("Analysis of Real Estate Performance Measures in the Context of Real Estate Cycles") and Miriam Waibel ("Nachhaltigkeitszertifikate bei der Bewertung von Büroimmobilien" - Sustainability Certificates for the Valuation of Office Properties).
Press release (27.02.2009)
"Aareal Award of Excellence in Real Estate Research" awarded for the second time
