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Jointly Shaping Digitisation

On 19 September 2019, the second Real Estate Data Summit (REDS) took place in Berlin under the title “data. flow. efficiency”. More than 30 participants from 22 companies, mainly board members and managing directors, defined a joint roadmap for the creation of industry-wide data standards. The new REDS members include the major real estate service providers Jones Lang LaSalle (JLL), CBRE and Ernst & Young (EY) as well as the leading asset managers Allianz Real Estate and LEG Wohnen.

REDS members are especially frustrated by the difficulty of exchanging data between different system environments. It should become possible to standardise this data via industry-wide data standards and simplified data exchange. As a concrete example of an industry-wide standard, REDS is currently working on a unified electronic property teaser.The goal is to provide potential bidders with a dataset with identical categories. The data required may be extracted from PDF documents by artificial intelligence.

The next REDS is planned for the year 2020 to establish an annual cycle.

Information on REDS 2019 can also be found in our press release.

Die Teilnehmer des Real Estate Data Summit (v.l.n.r.) Nils Freiberg (Business Development Manager, Architrave), Dr. Alexander Hellmuth (Manager, Ernst & Young), Julia Seeler (Sidecick to CEO,Architrave), Rainer Ohst (CFO, Architrave), Holger Matheis (Vorstand, BEOS), Dr. Philipp Päuser (COO, Architrave), Kathrin Köhling (Bereichsleiter Strategie und Organisation, LEG Wohnen), Daniel Seifert-Ziehe (Leiter Digitale Transformation, BEOS), Timo Tschammler (CEO, JLL), Georg Allendorf (Co-Head Real Estate Europe,DWS), Christian Schulz-Wulkow (Sector Leader Real Estate | Head of Real Estate M&A, Ernst & Young),  Ludwig von Busse (Geschäftsführer, Simplifa), Susanne Hügel (Associate Director, CBRE), Gerald Kremer (CDO Global Real Estate, Credit Suisse Asset Management), Prof. Dr. Nicolai Wendland (Geschäftsführer, 21st Real Estate GmbH), Dr. Lars Scheidecker (Abteilungsleiter Datenmanagement, Union Investment Real Estate), Andreas Schulten (chief representative, Bulwiengesa), Prof. Dr. Alexander von Erdély (CEO, CBRE), Dr. Frank Hippler (Leiter Systeme und Prozesse, DEKA Immobilien), Thomas Wagner (Geschäftsführer, OFB Projektentwicklung), Maurice Grassau (CEO, Architrave), Nikolas Gmünder (Asset Manager, Credit Suisse Asset Management), Clemens Schäfer (Head of Real Estate Europe, DWS), Nikolas Samios (Managing Partner, PropTech1), Prof. Dr. Gerrit Leopoldsberger (Vorstand, BIIS), Burkhard Dallosch (Geschäftsführer CRO/COO, DEKA Immobilien), Klaus Hirt (Partner, Drees & Sommer), Kai Zimprich (CIO Germany and Northern Europe, JLL), David Nadge (Manager Digital Transformation, Signa) , Matthias Standfest (CEO, Archilyse), Björn Bordscheck (Bereichsleiter Datenservices, Bulwiengesa), Dominik Brunner (Geschäftsführer, ARELIO), Joachim Lutz (Global Head Operations/Real Estate Applications, Allianz Real Estate), Prof. Dr. Stephan Bone-Winkel (Geschäftsführer, ceos)

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“In the coming years, we will see drastic leaps in efficiency as a result of the acceleration of processes and the networking of players. Now is the time to stop tinkering with one-off fixes, and to start developing shared and networked solutions on a uniform platform.”

Prof. Dr. Stephan Bone-Winkel, Founder and Member of the Supervisory Board BEOS AG

“Digitisation doesn’t just happen, it needs to be structured. Instead of waiting for Silicon Valley to come up with solutions, we ourselves should take charge of our digital future.”

Maurice Grassau, CEO Architrave GmbH

“Getting a media-break-free workflow for sell sheets is an important milestone for asset managers. That said, we took things a step further at the Real Estate Data Summit. Eventually, it will become possible to automate all data exchange processes on transaction platforms.”

Dr. Thomas Herr, EMEA Head of Digital Innovation CBRE

“The classic PDF property sell sheet will be expanded to include a digital data record that provides all necessary information and that will seamlessly integrate into any target system for further use. The electronic sell sheet is a great example for the incremental introduction of digital processes.”

Jörn Stobbe, COO and Managing Director Union Investment Real Estate GmbH

“Imagine the leaps in efficiency that truly digital processes would permit, for instance with the management of lease agreements and maintenance records. Technologically, we’ve reached that point. What matters now is to agree on processes and data standards. The Real Estate Data Summit will show us ways of getting there.”

Christian Schulz-Wulkow, Head of Real Estate Sector GSAEY
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