As-built BIM in real estate management: the change of paradigm in digital transformation of economy

International Facility Management Association (IFMA) traditionally divides the management of real estate into asset, property and facility management. The paper explores how the emergence of building information modelling (BIM) has influenced the distribution of information about the building among the stakeholders. As-built BIM in industrial buildings is a significant part of digital transformation of industrial assets and emergence of Industry 4.0. The tendency of transferring the ownership of information from facility manager to asset manager as well as the increase of transparency is analysed in the recent literature. The development of as-built BIM has given the possibility to the owners of real estate to become not only the owners of the assets themselves but also the owners of digital assets. In order to clarify current situation in the scientific community, the research interest in building information modelling among the studies mentioning facility management, asset management and property management has been analysed. The role of information about the building components as well as practical examples of operational expenditures reduction are explored and discussed. © Published under licence by IOP Publishing Ltd.