Fredrik Armerin has a PhD in Mathematical Statistics from KTH Royal Institute of Technology, and a licentiate degree in Real Estate and Construction Management, also from KTH Royal Institute of Technology. He is a Fellow of The Institute of Mathematics and its Applications. Madeleine Hoeft is a commercial asset manager in a global real estate investment firm in Frankfurt, Germany. She has an academic background in Real Estate and Construction Management (MSc) from KTH Royal Institute of Technology, National University of Singapore and Stanford University, and has gained professional experience in the field of property and asset management, transaction advisory and construction project management.