Last week we visited one of the biggest real estate fairs EXPO REAL in Munich. As we navigate the ever-evolving landscape of real estate, this event brought together key players in this sector. A lot of keywords and topics were highlighted: AI, decarbonisation, data management & reporting, ESG, property digital twins, renovation, new project development, green environments.
Decarbonisation: The Imperative for Sustainable Real Estate
Decarbonisation movement is noteworthy as it mostly gets coverage in mobility. However, there are many opportunities to improve the environmental impact of existing building and new building development. The urgency of addressing climate change has thrust decarbonisation into the forefront of real estate discussions. Investors and developers are increasingly recognizing the importance of reducing carbon emissions in their properties. Innovative solutions and technologies designed to make real estate more sustainable, including energy-efficient designs, renewable energy sources, and eco-friendly building materials are something that will direct new building planning for the years ahead.
Property Data Management and Reporting: The Power of Information
Effective property data management and reporting are essential for informed decision-making in the real estate sector. Data analytics and reporting tools can help stakeholders gain a competitive advantage. By harnessing the power of data, real estate professionals can optimize their operations, assess risk, and make data-driven investment decisions.
ESG Integration: A Must-Have for Real Estate
The incorporation of Environmental, Social, and Governance (ESG) principles into real estate practices has become more than just a trend; it’s a necessity. Expo Real 2023 delved into the ways real estate companies are aligning their operations with ESG goals. From sustainable building practices to social responsibility initiatives, attendees discussed how ESG integration can enhance long-term value and attract socially conscious investors.
Better Cost Management: Maximizing Returns
Cost management is a perennial concern in real estate. This includes efficient construction practices, maintenance, and operational improvements, all of which contribute to increased profitability and ROI.
Property Renovation: Unlocking Hidden Value
Renovation and adaptive reuse of existing properties are becoming increasingly attractive options in the real estate market. Revitalizing existing buildings can breathe new life into neighbourhoods, reduce waste, and generate substantial returns on investment.
Digital Twin of the Building: Revolutionizing Real Estate
The concept of a “digital twin” of a building is transforming the way we design, construct, and manage properties. Building Information Modelling (BIM) and IoT (Internet of Things) are enabling the creation of digital replicas of physical assets. These digital twins provide real-time data, enabling better decision-making, predictive maintenance, and enhanced tenant experiences.
Conclusion
Expo Real 2023 was pivotal event that brought together real estate investors, financiers, developers, service provider, site operators, and start-ups. Delivering environmental and social impact will be central focus in real estate. BLE LOCKING’s property digital access management can help streamline property access processes and change the way we envision a key-lock concept. Digital keys remove worry about unnecessary duplicates, lost keys or unauthorised access.
