“Global solutions throughout the real-estate lifecycle” is TÜV SÜD's motto at Expo Real 2016 in Munich. The focus of TÜV SÜD's presence at the trade show will be on increasing digitisation and associated services in the fields of Building Information Modelling (BIM), smart building management, smart cities and smart buildings. Further key areas will concern transaction services for the real-estate industry, from due diligence services to valuation reports and sustainability certification (Hall C1, Stand 322).
Building Information Modelling (BIM) is an integrated, model-based work method used for generation and management of information in building projects. In addition, the aim for the future is for BIM data to be used for efficient facility management. “Provided an appropriate level of standardisation is observed, BIM data can form the basis of end-to-end data management that extends from the planning and construction phases to real-estate operation”, says Ingo Schäuble, member of the management board of TÜV SÜD Advimo GmbH, which was formed from the merger of cgmunich and K+S Haustechnik Planungsgesellschaft. BIM coordination among technical planners and their sub-models and the design, construction and coordination of MEP models are only a few of the services in the portfolio of TÜV SÜD Advimo.
Ideally, BIM data from the planning and construction phases can also be used as the basis of future intelligent building management. “The objective is for the BIM model to deliver a complete, standardised and reliable database for computer-aided facility management (CAFM)”, explains Matthias Mosig, CAFM expert and Business Unit Manager Real Estate Consulting & Advisory at TÜV SÜD Advimo. A CAFM system processes all building data which are important for the building's operation, thereby significantly facilitating the management of large-scale properties or facilities. “The use of a CAFM system enhances real-estate safety and security, functioning and value retention”, explains Mosig. Centralised data management further makes it easier to identify cost drivers, pursue defects covered by warranty and automate processes, and thus ultimately considerably improve efficiency. The expenses incurred by the introduction of a CAFM system are compensated for by the greater transparency, availability of up-to-date data and, above all, significant reductions in real-estate management costs which the system brings to ongoing operations.
TÜV SÜD-Smart City Services
The advancement of urbanisation and new climate-change issues pose new challenges for our cities. “They will have to find smart solutions to master these challenges”, says Kai Tepe, TÜV SÜD ImmoWert GmbH. “We need to ensure environmentally friendly, efficient and, of course, liveable designs for the increasingly complex infrastructures.” TÜV SÜD supports this process with its Smart City Services, which build on the experiences of the “Morgenstadt: City Insights” innovation network and the European project, Triangulum. Within the scope of TÜV SÜD Smart City Assessment, the experts analyse the actual condition of a city against more than 100 indicators and around 90 fields of action, identifying strengths and weaknesses and the associated needs for action in a final report. TÜV SÜD Smart City Lab then uses the results of the assessment to work with the city in developing an overall strategy for sustainable development and the implementation of specific measures.
Reducing transaction risks
Over recent years, the potential risks surrounding real-estate transactions have increased for all market players. TÜV SÜD's transaction services – from conventional due diligence services to real-estate valuation and sustainability certification – allow for long-term hedging of transaction risks and investments. “For property purchases, impartial and independent valuation according to international standards such as the RICS Red Book play a critical role”, says Rüdiger Hornung, CEO TÜV SÜD Immowert GmbH.
With an eye to long-term protection of investments, Hornung warns that the significance of sustainability aspects should not be underestimated. Beyond valuations, the assessors and auditors from TÜV SÜD ImmoWert also offer sustainability certification according to the BREEAM standard for existing buildings, BREEAM DE Bestand. TÜV SÜD’s Green Valuation product further offers a special service for the German market, which enhances market value reports by adding a separate section of statements related to the certification criteria of the BREEAM DE Bestand, Part 1 standard. Owners opting for this product will obtain reliable valuation plus a statement on the key sustainability aspects of the building and its equipment.
Red Flag Environmental Due Diligence
Nowadays, technical due diligence and environmental due diligence have become part of TÜV SÜD's portfolio of “conventional services”. To round off these services, at Expo Real the international service provider will introduce its “Red Flag Environmental Due Diligence”, which offers initial assessment of environmental risks. “Red Flag Environmental Due Diligence supplies fast and cost-effective information of possible obstacles to transactions at an early stage”, explains Dr Peter Schenk, TÜV SÜD Industrie Service GmbH. As a result, the report contains a description and evaluation of environmental risks with a rough cost estimation and recommendations on how to proceed further. Prospective purchasers can use Red Flag Environmental Due Diligence as basis for the decision whether further assessment of the acquisition target is reasonable or whether a more in-depth due diligence should be performed.
An overview of TÜV SÜD's comprehensive range of services for the real-estate industry is available on the Internet at www.tuv-sud.com/industry/real-estate.
Press contact: Dr. Thomas Oberst