Purpose – The paper aims to assess property returns using yield differentials for prime and secondary properties as a real estate decision‐making tool. It seeks to demonstrate how property portfolios can be optimized through rational stock selection within the respective sectors identified...

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...

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...