This paper employs a unique dataset to analyse the retail rental levels of 1108 retail tenants in 148 UK regional shopping malls. The dataset integrates information regarding the characteristics of the shopping centre, the individual retailer, the brand, the individual unit occupied, the tenancy...

ERES:conference

There is a longstanding body of literature that discusses the potential for clients to influence the outcome of the property appraisal process. In the market downturn of 2007-9, it is clear from a number of practitioner conferences and articles that some market participants such as investment...

"In the retail hierarchy, the usual role of the regional shopping centre is to fulfill the highest ranked consumer demands. Therefore, the combination of the variety of the mix and the quality of tenants within that mix in a regional shopping centre will be a key element in maximizing shopping...

ERES:conference

ERES:conference

This paper extends the debate on the effects of client influence on external valuations. We augment prior research based on interview or experimental evidence by analysing the UK real estate downturn starting in 2007. This period forms a natural experiment of valuation influence in that...

ERES:conference

Despite continuing developments in information technology and the growing economic significance of the emerging Eastern European, South American and Asian economies, international financial activity remains strongly concentrated in a relatively small number of international financial centres....

Efficient markets should guarantee the existence of zero spreads for total return swaps. However, real estate markets have recorded values that are significantly different from zero in both directions. Possible explanations might suggest non-rational behaviour by inexperienced market players or...