in conjunction with industry partners in the Netherlands, Switzerland, UK, Italy and Denmark have been awarded an EU-funded MSCA Doctoral Network Grant
About
Eight universities and fourteen practice partners will jointly contribute to create a transdisciplinary research environment that encompasses stakeholders involved in the production and operation of CO2 neutral real estate and represent academic backgrounds in architecture, civil engineering, real estate valuation/investment/ development/management, economics, finance, industrial ecology, waste management, circular economy (CE), social value and block chain.
QuiVal will train a new generation of professionals who can take an innovative, climate-aware approach to real estate valuation. To achieve the European aim of becoming CO2 neutral before 2050, the real estate industry being one of the biggest polluters urgently needs to reduce its emissions. To date, investment real estate is valued based on its potential future income generation, without considering environmental and societal values. A few studies have been conducted that show the added value of energy efficient real estate, but little attention has been given to understand the value of real estate that is CO2 neutral throughout its life cycle, which means neutral in both production and operation. Incorporating broader real estate values requires a new valuation approach, to be able to include carbon emissions associated with construction, maintenance, refurbishment and demolition activities, the future value of the reuse potential of buildings and their components and materials.
Through research on the broader value of circular real estate and new approaches to valuation, QuiVal, will contribute to achieve the European aim of becoming CO2 neutral before 2050. QuiVal uses inspirations from the concepts of quantum mechanics to reconceptualise value that can take on multiple facets (e.g. environmental and societal value) and to account for disparities when actors disagree on the exact value. Developing a valuation approach that can incorporate these extensions is a transdisciplinary challenge that takes into account the full complexity of value drivers in real estate and builds on principles derived from quantum mechanics in its methodology.
(3 financed by outside funding), hosted across the network, will work together to form a new, innovative approach that integrates
A fundamental study and implementation of new value and valuation concepts in real estate using quantum theories
(3 DCs)
Financial, environmental and societal values integrated at the urban, building, component and materials levels
(6 DCs)
Digital advances (e.g. computer-based changes) and analogue advances (physical and behavioural changes) in valuation techniques that enable observation and quantification of these values
(4 DCs)
The following overview contains the 13 DC Projects. Click on the title of the project for more information about the specific project/vacancy.
The links will become active as each vacancy opens:
The applicants, at the time for the application, should not have resided in the country where they apply to,for more than 12 months in the 3 years immediately prior to the reference date.
involved in QuiVal
The DCs will be supervised at their university by a team of experienced supervisors. They will be co-supervised by a supervisor from the university where they will be hosted for a secondment.
The Supervisory Board is the primary management structure of QuiVal. The SB will be responsible for the academic and research direction of QuiVal, and will oversee the quality of the network-wide training for DCs and for ensuring that scientific training is balanced with transferable skills training appropriate to the needs of each recruited researcher. The Supervisory Board will also oversee the quality of supervision of the DCs. It is composed by a representative of all universities and two representatives of the DCs, who are elected by the DCs themselves.
The project coordination of QuiVal is performed at two levels:
The scientific coordination is performed by Hilde Remøy and Daan Schraven (TU Delft). The main responsibility is to ensure that the main goals of the project are pursued and to ensure the quality of all project deliverables. The scientific coordinators will cooperate closely with Work Package Leaders to guarantee that the project delivers the expected impact.
The project coordinator Marta Kluba (TU Delft) assists the scientific coordinator and the consortium on financial, legal, administrative as well as on organisational matters.
The scientific coordinator and the project coordinator work closely together to guarantee a smooth project communication internally (within the project) and act as the intermediary between the project beneficiaries and the external funding authority the European Union and the public at large.
Quantum inspired valuation of circular real estate is groundbreaking and hence unprecedented in PhD programmes worldwide and in the real estate valuation practice. PhD programmes exist on real estate valuation, economics and finance, and on CE, circular building and circular built environments. QuiVal proposes a new school of thinking, innovating by bringing together value approaches from industrial ecology, engineering, architecture and finance, applying the rigour already developed in existing PhD programmes. Currently there is a lack of training opportunities in this area, and QuiVal will develop a training programme specifically for the QuiVal DCs.
A novel and robust research and training structure will encompass 3 main blocks (a) courses delivered in the PhD programmes of the beneficiaries (transferrable skills, research methodology), (b) network-wide activities (workshops, summer schools, conferences) and (c) individual PhD research projects.
New valuation methods for real estate. Lead partner: UCL
Mixed research methods. Lead partner: SDU
Research findings transfer between different contexts. Lead partner: UNINA
Communication, engagement and impact. Lead partner: UNINA
Personal qualities and self-management. Lead partner: ETH
Entrepreneurship. Lead partner: TUD
QuiVal organises workshops and summer schools dedicated to network wide training and progress of the Doctoral Candidates. The activities are dedicated to specific topics:
Welcome to QuiVal – startup meeting. Lead partner: TUD
Quantum options for real estate valuations. Lead partner: TALTECH
1st year progress: co-exploration and innovation. Lead partner: ETH
Co-creation: first results and outcomes. Lead partner: UA
Multi-actor multi-criteria decision-making. Lead partner: UNINA
2nd year progress: Co-production and impact. Lead partner: UWE
Circular RE: reuse, redesign, redevelop, remanage, reinvest. Lead partner: SDU
Final event: from science to practice. Lead partner: TUD
Finally, the individual PhD research training will be developed to support the Doctoral Candidates in achieving the aims of their own research project and the QuiVal aim as a whole. The training will comply with the requirements of the local graduate schools.
The QuiVal consortium is a team of universities, supervising QuiVal’s 13 Doctoral Candidates, and 14 industry partners. 8 of Europe’s top universities in the fields of real estate management, finance, (e)valuation, civil engineering and industrial ecology will be collaborating with industry partners who are experts in the research fields addressed by QuiVal. The partners will be co-creators and early adopters of knowledge developed in the project. They represent the different disciplines of the real estate value chain. The QuiVal network is located in countries across in 7 European countries (NL, DK, IT, EE, BE, CH, UK).
A novel and robust research and training structure will encompass 3 main blocks (a) courses delivered in the PhD programmes of the beneficiaries (transferrable skills, research methodology), (b) network-wide activities (workshops, summer schools, conferences) and (c) individual PhD research projects.
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