Purpose – Studies of UK and US property investment markets have historically portrayed the decision‐making process as an exercise in rational analysis. This notion is fundamentally flawed as the concept of a perfect market has limited applicability to the real world context in which property...

Purpose – The purpose of this paper is to explain the rationale and methodology applied to the rental valuation of wet led (i.e. pub or bar) retail leisure outlets. The paper does not cover the valuation of other leisure property (e.g. restaurants, hotels). Design/methodology/approach – The...

Purpose – Socially responsible investment (SRI) is now a well established part of equities investment. Questions are now being raised over property investment and whether similar attempts to be “socially responsible” should be incorporated into investment practice. This paper aims to...

Purpose – Corporate social responsibility (CSR), corporate governance (CG) and socially responsible investment (SRI) are now established terms among most large corporations, particularly in the field of investment. The aim of this paper is to explore the issue of social responsibility (SR) in...

Purpose – The paper aims to present the findings of a “situation review” of the Energy Performance of Buildings Directive (EPBD), focusing on energy performance certificates (EPCs) to highlight areas of specific importance for the UK property investment community. The paper is based on...

Purpose – This paper aims to review major changes on real estate markets in Europe and to analyse the impacts of such changes. Design/methodology/approach – The paper provides an overview of the various equity real estate investment vehicles available to investors, with particular focus on...

Purpose – The aim of the paper is to determine the dynamic relationships between REIT returns and those of other financial and real unsecuritized assets internationally. Design/methodology/approach – Using a multi‐factor model the flexible least squares (FLS) coefficients of REIT returns...

Purpose – There is currently no real estate investment trust (REIT) listed in China. As of date, only two REITs – GZI REIT of Hong Kong and CapitaRetail China Trust (CRCT) of Singapore – have securitised Chinese property assets. The purpose of this paper is to examine the driving forces...