Dr Michael Trübestein MRICS – professor and project manager at Lucerne University of Applied Sciences – explains how collaboration, not competition, is the only way for the sector to progress in the future and how his RICS membership is helping him achieve this.
Michael currently leads the Master of Science in Real Estate programme at Lucerne University of Applied Sciences. Prior to this, he taught at Polytechnic University of Milan and Buxtehude/Hamburg University of Applied Sciences.
He is also a fellow of the American Real Estate Society and a co-founder and president for Switzerland of the Foundation for International Blockchain and Real Estate Expertise (FIBREE).
The RICS values and purpose fit well with my personal and academic views. Many organisations are too specialist and do not embed a multi-disciplinary approach in their guiding principles: RICS instead supports a holistic view of the entire real estate lifecycle.
Many organisations are too specialist and do not embed a multi-disciplinary approach in their guiding principles: RICS instead supports a holistic view of the entire real estate lifecycle.
Dr Michael Trübestein MRICS
Professor, Lucerne University of Applied Sciences
International professional and ethical standards are tangible outputs which represent RICS’ commitment to deliver quality and consistency to global markets.
In Switzerland, we’re lucky to have a healthy and “safe” market, but this doesn’t apply to all countries, so we’ve added regular lectures on ethics to our courses. For example, Marie Seiler MRICS – from the RICS Swiss national board – is one of our lecturers and teaches students how to understand and handle critical situations.
Collaboration opportunities are also very motivating for an academic, so with the help of RICS we have implemented international visits to other universities in Italy, Austria, the Baltics and Germany. The RICS network has always been very supportive and members provide us with a qualified view and deep insights into the local real estate markets. This information is reliable and trustworthy.
The built environment topic is extremely broad, so as educators we try to cover it from different perspectives: we can raise awareness on megatrends in the sector and then encourage students to discuss issues to tackle. And, in the end, we have the responsibility to facilitate the implementation of the best ideas that come out of our discussions.
Our role is about offering students a combination of theoretical and practical opportunities. This is why, in our curriculum, students must deliver one project per semester; they also work in teams and can really experiment freely on different topics.
We do it the “RICS way” by integrating different disciplines and expertise from our diverse group of students. Some have a background in investment, finance or building lifecycles, while others are architects or engineers. Therefore, these projects are always an exciting exchange for all.
The connection between universities and employers is very important. We don’t teach for the sake of teaching and universities can really build the foundations of the future workforce and respond to clear market demands.
We talk about real assets, cooperate with employers and activate partner study programmes, so we remain closely connected to the real estate industry. We also feature lectures from professionals which expand our student’s interactions with the marketplace. In addition, we regularly invite RICS members, as well as selected professionals from other fields, to share their viewpoints.
In the future, we should focus more on collaboration than competition. Staying ahead of the game means working together to tackle problems and find solutions for the collective benefit.
A few weeks ago, we held a leaders’ forum with RICS professionals and colleagues from other organisations. These forums focus on topics that are highly relevant to RICS. We’re happy we can contribute to the development of the future of RICS and offer new impulses and insights.
As an example, on top of my academic commitment and my involvement in RICS, I’m part of the board at FIBREE – an organisation that brings together real estate professionals and blockchain specialists. We’ve already received support from RICS to help develop new ideas.
Compared to 20 years ago, the collaborative approach has improved a lot; there was much more isolation and synergies were not facilitated at that time.
I don’t know exactly where we’ll be in 10 or 20 years, but there are similar duties to fulfil worldwide and RICS is in the right position to connect with the industry and the young professionals of the future.
RICS has always been the benchmark and the impulse for new ideas covering current and future megatrends.