Immobilien-Projektentwicklung (Nadler,2SWS, WS)

Project development is the first phase of the real estate life cycle. Therefore, it incorporates the highest degree of flexibility concerning the utilization concept, the highest potential return, but also the highest risk.
Thus, a feasibility study – consisting of location and market analysis, risk analysis, profitability assessment, financing strategy and marketing concept – is of decisive importance for the success of each project development.
This course first provides detailed information on how to develop the qualitative and quantitative components of a feasibility study. Second, students perform a feasibility analysis for a genuine real estate project development in North Rhine-Westphalia and present and discuss their results in class.


The main objective of this course is to provide the necessary methodological knowledge to prepare a feasibility study as well as the capability to question critically the preconditions for applying these methods. Students also get to know new research approaches to quantify sustainable features of real estate development, namely social and ecological impacts. The course will also train the abilities of the participants to communicate challenging issues and present them in class.


No information available in English at the moment.


Paper (85%, graded), Colloquium (15%, graded)