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Aareal Award of Excellence in Real Estate Research awarded for the third time

Ein Dokument

Wiesbaden (ots)

International prizewinners acclaimed for outstanding work in real 
estate economics
Wiesbaden, 26 February 2010 - The Real Estate Management Institute
(REMI) of the European Business School (EBS) and Aareal Bank AG have 
awarded the Aareal Award of Excellence in Real Estate Research for 
the third time. The annual research prize, advertised 
internationally, honours academic excellence in real estate 
economics. A total of more than 40 papers were submitted this year. 
Almost half the entries came from outside Germany, especially from 
Asia, North America, the Netherlands and Italy. The award is worth 
EUR12,000. The award ceremony took place on the campus of the 
European Business School, EBS, in Oestrich-Winkel at the 11th EBS 
Real Estate Congress.
Just under 30 experts, including professors in the national and 
international EBS-REMI research network, assessed the work on this 
year's topics: "Real Estate Financial Products & Ratings", "Real 
Estate Investment Products" and "Real Estate and Demographics". Paavo
Monkkonen of Hongkong/China took the prize in the Ph.D category with 
his dissertation on "The housing transition in Mexico: local impacts 
of national policy." In the Bachelor/Diploma/Master's thesis category
the prize went to Oliver Lehmann, Germany, for "Return forecasts for 
indirect real estate investments - an approach for open-ended real 
estate funds." The prize for the third category, Research papers, 
went to Thies Lindenthal, Netherlands, for his work on "Demographics,
human capital and the demand for housing."
"As part of Aareal Bank's corporate social responsibility, we have
committed ourselves in particular to investing in knowledge and 
education. As an international real estate specialist, we attach 
great importance to the work of the REMI at EBS because the Institute
not only promotes up-and-coming property researchers but also global 
networking of research, theory and practice", said
Dr Wolf Schumacher, chairman of the Management Board of Aareal Bank 
AG.
The head of REMI, Prof Nico Rottke, said: "The fact that both the 
candidates and the jury were very cosmopolitan shows that the Aareal 
Award of Excellence in Real Estate Research has arrived in the 
international research community". He added: "Up-and-coming academic 
talents around the world are endeavouring to have their research work
assessed by our international jury and so contribute to advancing and
networking real estate research at the global level. They thus 
breathe life into the main idea behind the award."
The REMI at EBS pursues an international, interdisciplinary and 
practice-oriented approach, and thus intends to promote further 
development and success in the property business. Aareal Bank and 
EBS-REMI have been cooperating already since 2006 and particularly on
the REMI chair Aareal Bank has endowed and the Aareal Award 
competition. "The real estate sector is well set for the future, as 
it has a mixture of academic and hands-on expertise of international 
standing. Because the future belongs to specialists who are both 
close to their customers and the market as well as to basic research 
and its practical insights", said Dr Wolf Schumacher in explicating 
the work of both institutions.
Aareal Award 2011 and further information
Competition entries on the topics "Real Estate Finance", "Corporate 
Responsibility in the Real Estate Industry" und "Regulatory Framework
and Real Estate Markets" can be submitted for the 2011 Aareal Award 
of Excellence in Real Estate Research until 19 November 2010. The 
conditions of entry are at www.ebs-remi.de and www.aareal-award.com. 
The award ceremony will be held on 25 February 2011. There is also an
Aareal Award blog on the www.aareal-award.com Internet page.
(To editors: photos of the award ceremony are available on 
request)
Aareal Bank
Aareal Bank AG is one of the leading international specialist 
property banks. The Aareal Bank share is included in Deutsche Börse's
mid-cap MDAX index. The Aareal Bank share is included in Deutsche 
Börse's mid-cap MDAX index. Aareal Bank operates on three continents:
leveraging its successful European business model, the bank has 
established similar platforms in North America and in the 
Asia-Pacific region. It provides property financing solutions in more
than 25 countries.
Real Estate Management Institute
The Real Estate Management Institute (REMI) at the European 
Business School (EBS) is one of Germany's leading institutions for 
training, continuing education and research in the field of real 
estate economics. With its commitment to excellence, free enterprise 
and internationalism in research, REMI offers curricula in the theory
of real estate economics with a focus on real estate investments, 
financing and valuation. These are complemented by the 
interdisciplinary fields of law, tax and economics.

Contact:

Aareal Bank AG
Corporate Communications

Sven Korndörffer
phone: +49 611 348 2306
sven.korndoerffer@aareal-bank.com

Christian Feldbrügge
phone: +49 611 348 2280
christian.feldbruegge@aareal-bank.com

Investor Relations

Jürgen Junginger
phone: +49 611 348 2636
juergen.junginger@aareal-bank.com

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