A digital twin is a comprehensive representation of a material object in the digital world. In the real estate industry, such a twin provides space for all relevant information, such as planning and contract data or information about the technical building equipment. A digital twin can also be used to visualize the actual condition of a property, and objects can also be tested in their virtual environment through numerous simulations (e.g. severe weather, etc.), all before construction begins.

BIM technology can be used to create digital twins that can also be used in homes, offices or shopping centers, as they improve the development and management of real estate and make it even more customer-oriented. However, the data in a digital twin has often not yet been unified, which can lead to information loss due to a lack of overview. To avoid this, CDE developmentis also important.

Digital twins provide reliable data about a real estate object at any time. For maintenance, for example, all data and documents are stored in one place. For renovations, it is no longer necessary to refer to old construction plans. In addition, the property owner or manager always has an overview of current costs and income. This data can be evaluated and used to improve the real estate portfolio.

In addition, digital twins enable virtual walk-throughs instead of time-consuming initial inspections. It doesn’t matter where the landlord and potential tenant are at any given time. With regard to possible hygiene regulations, such virtual inspections are also advantageous.