Sven Bienert

Sven Bienert (born July 4, 1973) is a German economist and university lecturer. He is a professor at the International Real Estate Business School at the University of Regensburg. He is also a chartered surveyor.

Early Life, Education and Career

Bienert completed his vocational education as a bank clerk at Oldenburgische Landesbank in 1995, and went on to graduate from the Administration and Business Academy and the German Real Estate Academy at the Albert-Ludwigs University in Freiburg in 1998 with a degree in property management (VWA). In 2001, he completed his degree with distinction in business administration at the Leuphana University of Lüneburg. During his studies, Bienert completed internships at Engel & Völkers and Arthur Andersen Real Estate.

Born in Hagen, Bienert was employed with KPMG Consulting in the real estate division from January 2002 to January 2003. From February 2003 to 2007, he headed the real estate economics department at the University of Applied Sciences in Kufstein, Austria. During this time he completed his PhD with summa cum laude in 2004, focusing on the effects of the new capital adequacy guidelines for banks (Basel II) on project financing in the property industry with ?

Since April 2010, he has been the Head of the IRE|BS Competence Center of Sustainable Real Estate at the International Real Estate Business School, University of Regensburg of which he was managing director from 2013 to 2019. His research focuses on sustainability strategies, valuation methodologies, and the integration of ESG principles into real estate markets.

From April 2007 to January 2011, Bienert headed the real estate division at KPMG Financial Advisory Services throughout Austria. Between 2011 and 2013, he was managing director of Probus Real Estate GmbH in Vienna, overseeing a real estate portfolio worth approximately €2.1 billion.

He is actively involved in various industry organizations, including the German Sustainable Building Council, the German Property Federation (ZIA) and Urban Land Institute (ULI). He is also a member of the European Valuation Standards Board of TEGoVA and the Expert Advisory Group of the Science Based Targets initiative (SBTi) since 2022. He was also elected to the DVFA Executive Board in 2023, where he is responsible for the real estate division.

He fulfils the role of reviewer and co-editor for a number of scientific journals in the property sector, including the Journal of Property Investment & Finance, the Journal of Sustainable Real Estate and the Journal of European Real Estate Research. Alongside his professorship at the University of Regensburg, he runs his own research institute and appraisal office in Wörgl, Austria. He has extensive experience as a generally sworn and court-certified expert and is constantly active as a consultant and lecturer.

From 2015 to the end of 2024, Bienert led the Carbon Risk Real Estate Monitor (CRREM) research project funded by the European Commission under its Horizon 2020 funding programme, which derived scientifically sound decarbonisation pathways for the real estate sector in order to define a standard for measuring greenhouse gas emissions in the building sector and assessing the sustainability of real estate. In this way, the sustainable performance of property (portfolios) can be harmonised with the goals of the Paris Climate Agreement and the avoidance of future regulatory or transitional risks can be supported. In this context, the now common term stranded asset refers to properties that are no longer in line with the goals of the Paris Climate Agreement. This standard has now been accepted by various market participants and is used globally. Bienert is also leading a sub-project of the Transara Sacred Space Transformation project funded by the German Research Foundation (DFG).

As a scientist, he has been quoted on the impact of natural hazards and extreme weather on property and warns of the economic consequences of climate change and global warming.

On 1 January 2026, Bienert was appointed to the supervisory board of Quadoro Investment GmbH and Dömges Architekten AG.

Awards and honors

Selected publications

References

  1. ↑ Bienert, Sven (2005). Projektfinanzierung in der Immobilienwirtschaft: dynamische Veränderungen der Rahmenbedingungen und Auswirkungen von Basel II. Gabler Edition Wissenschaft (1. Aufl ed.). Wiesbaden: Dt. Univ.-Verl. ISBN 978-3-8244-8305-1.
  2. ↑ "Prof. Dr. Sven Bienert, MRICS REV - emerald". Emerald insight. Retrieved 2025-03-23.
  3. ↑ GmbH, DGNB. "Immobilienbeirat". DGNB GmbH (in German). Retrieved 2025-02-11.
  4. ↑ "Sven Bienert | ULI-Wissensplattform". knowledge.uli.org. Retrieved 2025-03-23.
  5. ↑ "The European Group of Valuers' Associations". tegova.org (in Dutch). Archived from the original on 2024-05-23. Retrieved 2025-02-11.
  6. ↑ "Wer wir sind". DVFA e. V. – Der Berufsverband der Investment Professionals (in German). Retrieved 2025-02-11.
  7. ↑ "Site is undergoing maintenance". IIÖ GmbH - Real Estate Valuation, Advisory, Research (in German). Retrieved 2025-02-11.
  8. ↑ "Immovalue". immovalue.e-sieben.at. Retrieved 2025-02-11.
  9. ↑ "CRREM Project". Retrieved 2025-02-11.
  10. 1 2 "The Carbon Risk Real Estate Monitor (CRREM): a new tool to reduce stranded investments and guide energy-efficiency decisions in real estate - European Commission". cinea.ec.europa.eu. Retrieved 2025-02-11.
  11. ↑ "Sakralraumtransformation". transara.de (in German). Archived from the original on 2022-03-31. Retrieved 2025-02-11.
  12. ↑ KG, RM Rudolf Müller Medien GmbH & Co. "Studie: Absicherung gegen Naturgefahren hat Nachholbedarf". immobilienmanager. Retrieved 2025-02-11.
  13. ↑ "Stürme, Dürre, Wassermassen". Süddeutsche.de (in German). 2020-12-11. Retrieved 2025-02-11.
  14. ↑ Jauernig, Henning (2021-07-23). "(S+) Unwetter-Risiko: »Schäden können bis zehn Prozent des Immobilienwertes ausmachen«". Der Spiegel (in German). ISSN 2195-1349. Retrieved 2025-02-11.
  15. ↑ "Handelsblatt". www.handelsblatt.com. Retrieved 2025-02-11.
  16. ↑ "Quadoro Investment GmbH Appoints New Supervisory Board Members as of 1 January 2026".
  17. ↑ "Energising property valuation: putting a value on energy-efficient buildings. - Free Online Library". www.thefreelibrary.com. Retrieved 2025-06-14.
  18. ↑ "Ausgezeichnete Nachhaltigkeit: Projektgruppe "greenLease" gewinnt immobilienmanager Award 2013". presseportal.de (in German). 2013-03-01. Retrieved 2025-02-11.
  19. ↑ "ImmoRisk - Klimarisiken in der Immobilienwirtschaft". www.gisimmorisknaturgefahren.de. Retrieved 2025-06-14.
  20. ↑ "Immobilien-Forschungspreise vergeben - | News | IVV immobilien vermieten & verwalten - Das Magazin für die Wohnungswirtschaft". www.vermieter-ratgeber.de (in German). 2025-04-02. Retrieved 2025-02-11.
  21. ↑ "ZDB catalogue - Result list: iss="1463-578X"". zdb-katalog.de. Retrieved 2025-02-11.
  22. ↑ "ARES Awards and Past Winners - American Real Estate Society". www.ares.org.
  23. ↑ "ARES Awards and Past Winners - American Real Estate Society". www.ares.org. Archived from the original on 2024-12-07. Retrieved 2025-02-11.
  24. 1 2 Gloria, Benedikt; Leutner, Sebastian; Bienert, Sven (2025). "Unveiling the impact of SFDR on unlisted real estate funds: A J-Curve and panel regression analysis". Journal of Property Investment & Finance. 43 (2): 119–141. doi:10.1108/jpif-01-2024-0006.
  25. ↑ Hoehn, Ben; Salzberger, Hannah; Bienert, Sven (2025). "Assessing climate risk quantification tools – mere fulfilment of duty or actually beneficial?". Journal of Property Investment & Finance. 43 (2): 142–167. doi:10.1108/jpif-01-2024-0008.
  26. ↑ Kuenzle, Chiara; Wein, Julia; Bienert, Sven (2023-11-24). "The underestimated global warming potential of refrigerant losses in retail real estate: the impact of CO2 vs CO2e". Journal of European Real Estate Research. 16 (3): 398–416. doi:10.1108/JERER-06-2023-0021. ISSN 1753-9269.
  27. ↑ "Embodied Carbon of Retrofits Ensuring the ecological payback of energetic retrofits" (PDF). www.crrem.eu.
  28. ↑ "Accounting and Reporting of GHG Emissions from Real Estate Operations" (PDF). carbonaccountingfinancials.com.
  29. ↑ Groh, Alexander; Kuhlwein, Hunter; Bienert, Sven (2022-12-31). "Does Retrofitting Pay Off? An Analysis of German Multifamily Building Data". Journal of Sustainable Real Estate. 14 (1): 95–112. doi:10.1080/19498276.2022.2135188. ISSN 1949-8276.
  30. ↑ "How to manage your net zero targets with CRREM" (PDF). www.crrem.eu.
  31. ↑ "CRREM SURVEY ON TRANSITION RISK IN REAL ESTATE" (PDF). www.crrem.eu.
  32. ↑ "Managing transition risk in real estate".
  33. ↑ Oertel, Cay; Kovaleva, Ekaterina; Gleißner, Werner; Bienert, Sven (2022-06-24). "Stochastic framework for carbon price risk estimation of real estate: a Markov switching GARCH simulation approach". Journal of Property Investment & Finance. 40 (4): 381–397. doi:10.1108/JPIF-12-2021-0104. ISSN 1463-578X.
  34. ↑ "KLIMANEUTRALITÄT VERMIETETER MEHRFAMILIENHÄUSER – ABER WIE?" (PDF). www.gdw.de.
  35. ↑ "CRREM Report of "lessons learned" on Best-practise Users" (PDF). www.crrem.eu.
  36. ↑ "NATURGEFAHREN UND IMMOBILIENWERTE IN DEUTSCHLAND" (PDF). epub.uni-regensburg.de.
  37. ↑ Oertel, Cay; Gütle, Thomas; Klisa, Benjamin; Bienert, Sven (2019-07-01). "US real estate as target assets for European investors: New empirical evidence of diversification benefits". Journal of Property Investment & Finance. 37 (4): 398–404. doi:10.1108/JPIF-03-2019-0039. ISSN 1463-578X.
  38. ↑ Bienert, Sven; Hirsch, Jens; Spanner, Maximilian (January 2019). "The Carbon Risk Real Estate Monitor - Developing a Framework for Science-based Decarbonizing and Reducing Stranding Risks within the Commercial Real Estate Sector". Journal of Sustainable Real Estate – via Research Gate.
  39. ↑ Cajias, Marcelo; Fuerst, Franz; Bienert, Sven (2019). "Tearing down the information barrier: The price impacts of energy efficiency ratings for buildings in the German rental market". Energy Research and Social Science. 47: 177. Bibcode:2019ERSS...47..177C. doi:10.1016/j.erss.2018.08.014.
  40. ↑ "Does "clean" pay off? Housing markets and their perception of heating technology". ResearchGate. Archived from the original on 2024-12-04. Retrieved 2025-06-14.
  41. ↑ "Office properties through the interest cycle: Performance impact and economic sustainability in Germany | Request PDF". ResearchGate. Archived from the original on 2024-12-03. Retrieved 2025-06-14.
  42. ↑ "The energy efficiency of corporate real estate assets: The role of energy management for corporate environmental performance | Request PDF". ResearchGate. Archived from the original on 2024-01-09. Retrieved 2025-06-14.
  43. ↑ Surmann, Markus; Hirsch, Jens (2016). "Energy efficiency: Behavioural effects of occupants and the role of refurbishment for European office buildings". Pacific Rim Property Research Journal. 22: 77–100. doi:10.1080/14445921.2016.1168565.
  44. ↑ Braun, Thomas; Bienert, Sven (November 17, 2015). "Is Green (still) a Matter of Prime? Stylized Facts about the Location of Commercial Green Buildings". www.semanticscholar.org. S2CID 112714023. Retrieved 2025-06-14.
  45. ↑ "How does energy efficiency influence the Market Value of office buildings in Germany and does this effect increase over time? | Request PDF". ResearchGate. Archived from the original on 2024-12-07. Retrieved 2025-06-14.
  46. ↑ Hirsch, Jens; Braun, Thomas; Bienert, Sven (2015-10-19). "Assessment of climatic risks for real estate". Property Management. 33 (5): 494–518. doi:10.1108/PM-01-2015-0005. ISSN 0263-7472.
  47. ↑ Ansari, Nelufer; Cajias, Marcelo; Bienert, Sven (October 2015). "The Value Contribution of Sustainability Reporting – an Empirical Evidence for Real Estate Companies" (PDF). ACRN Oxford Journal of Finance and Risk Perspectives. 4 (4): 190–205. ISSN 2305-7394.
  48. ↑ "Can Investing in Corporate Social Responsibility Lower a Company's Cost of Capital? | Request PDF". ResearchGate. Archived from the original on 2024-12-03. Retrieved 2025-06-14.
  49. ↑ Geiger, Peter; Cajias, Marcelo; Bienert, Sven (2013-03-29). "The asset allocation of sustainable real estate: a chance for a green contribution?". Journal of Corporate Real Estate. 15 (1): 73–91. doi:10.1108/JCRE-11-2012-0029. ISSN 1463-001X.
  50. ↑ Cajias, Marcelo; Geiger, Peter; Bienert, Sven (2012-08-03). "Green agenda and green performance: empirical evidence for real estate companies". Journal of European Real Estate Research. 5 (2): 135–155. doi:10.1108/17539261211250717. ISSN 1753-9269.
  51. ↑ "Impact of energy efficiency measures on the economic value of buildings | Request PDF". ResearchGate. Archived from the original on 2024-12-02. Retrieved 2025-06-14.
  52. ↑ Cajias, Marcelo; Bienert, Sven (2011). "Does Sustainability Pay Off for European Listed Real Estate Companies? The Dynamics Between Risk and Provision of Responsible Information". SSRN Electronic Journal. doi:10.2139/ssrn.1736104. ISSN 1556-5068.
  53. ↑ "Energising property valuation: Putting a value on energy-efficient buildings". ResearchGate. Archived from the original on 2024-12-03. Retrieved 2025-06-18.
  54. ↑ "Additive Hedonic Regression Models with Spatial Scaling Factors: An Application for Rents in Vienna". ResearchGate. Archived from the original on 2024-12-03. Retrieved 2025-06-14.
  55. ↑ Bienert, Sven; Brunauer, Wolfgang (2007-10-02). Kaleva, Hanna (ed.). "The mortgage lending value: prospects for development within Europe". Journal of Property Investment & Finance. 25 (6): 542–578. doi:10.1108/14635780710829289. ISSN 1463-578X.
  56. ↑ "Immobilienreport". www.sparkasse-regensburg.de (in German). Archived from the original on 2021-10-08. Retrieved 2025-06-14.
  57. ↑ Sven Bienert, Josef-Alexander Zeitler, Maximilian Spanner, Sven Conventz, Felix Embacher (2017). "Immobilienreport Regensburg" (PDF) (in German). Sparkasse Regensburg. Retrieved 2021-10-07.{{cite web}}: CS1 maint: multiple names: authors list (link)
  58. ↑ Sven Bienert, Chiara Künzle, Jürgen Jerger, Katja Meqdam, Christian Steilen, Felix Embacher (2020). "Der Immobilienreport Regensburg" (PDF) (in German). Sparkasse Regensburg. Retrieved 2021-10-07.{{cite web}}: CS1 maint: multiple names: authors list (link)