The decision making behaviour of institutional investors usually target prime commercial real estate. The rationale for this investment strategy is to maximise the risk adjusted returns and the diversification potential as well as quality buildings, tenant covenant strength and the subsequent...

ERES:conference

This study constructs optimal real estate portfolios using returns from Great Britain (England, Scotland, and Wales) and Ireland (Northern Ireland and the Republic of Ireland). Data from IPD for ten major regional centres are used for office and retail property from 1984 through 2002 (excluding...

ERES:conference

ERES:conference

ERES:conference

The dramatic growth and collapse of land and property markets in Spain has been the subject of recent analysis. Such analysis has focused on the political and economic factors including the modernisation of financial systems and institutions since the 1980s. This paper examines the causes and...

ERES:conference

Abstract: In the light of continued financial and economic turmoil, there has been a marked increase in the volatility in real estate markets. This is impacting on the pricing of property assets, partly through market sentiment, particularly concerning risk. In a downturn, the perception of...

This paper presents the initial results of a major research project concerning real estate value. A central consideration is the analysis of those factors that impact upon value, in particular how value is created in real estate development ventures and investment deals. The converse of how real...