Facility & Real Estate Management PT
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real estate asset management

level of course unit

second cycle, Master

Learning outcomes of course unit

- assess the range of performance and level of quality necessary for efficient real estate management
- critically discuss in-sourcing and outsourcing strategies in real-estate management and prepare 'make-or-buy decisions'
- analyse and assess market structures and market developments in relation to various real-estate management services
- take into consideration various negotiation strategies and assess these strategies on case-by-case basis
- assess various options
- strategically, organisationally and operationally effectively structure and manage service relationships.

prerequisites and co-requisites

- basics property management (bachelor level)
- module "legal" RE
- module "strategic FM" SFM
- seminar "contract management" VM.1

course contents

- Legal frameworks and considerations (contract models, public procurement law, commercial responsibility, relevant norms and standards etc.)
- Market environment and market structure of FM / PM and AM services
- Specific contract components (Service Level Agreements (SLA), Key Performance Indicators (KPI), compensation models, bonus-malus systems, open book and partnering approaches etc.)
- Service engineering and alignment (selection, establishment and harmonisation of a service portfolio, determination of the extent of outsourcing/make-or-buy decisions, composition of quality assurance schemes etc.)
- Sourcing management (negotiation procedures, negotiation documents and contract structures, implementation and management of change, service audits and evaluation etc.)
- Service management and quality management
- Reporting and management structures, cost and performance management, management of communication structures and partnering, contractual disputes and escalation management, management of innovation and optimization culture, risk management

recommended or required reading

- Pfnür, A.: Modernes Immobilienmanagement, Springer Verlag Berlin Heidelberg, 3. Auflage, 2010
- Kippes, S.; Sailer, E.: Immobilienmanagement, Richard Boorberg Verlag Stuttgart, 2005
- Preuß, N.; Schöne, L. B.: Real Estate und Facility Management, Springer Verlag Berlin Heidelberg, 2. Auflage, 2006

assessment methods and criteria

written examination with multiple choice items after the self-study phase. House or seminar paper and presentation or poster presentation

language of instruction


number of ECTS credits allocated


course-hours-per-week (chw)


planned learning activities and teaching methods

lecture, group work, presentation and discussion of tasks

semester/trimester when the course unit is delivered


year of study

2.year of studies

recommended optional program components


course unit code


type of course unit

in-class course

mode of delivery

in class course

work placement(s)

not applicable