The key question that underlies this paper is whether real estate will continue to have a place in a mixed-asset portfolio, when institutional investors can select from a range of investments outside the core asset classes of bonds and equities. It is often stated that hedge funds, private...

We estimate quarterly dynamic housing demand and investment supply models for Sweden and the UK for the sample period 1970-1998, using an Error Correction Method (ECM). In order to facilitate comparisons of results between Sweden and the UK we model both countries identically with approximately...

Real estate appraisal as a procedure has a quite strongly and solidly built up activities for the all environment of the appraisal procedure. In this case, linked to the nature of edited standards presenting 4 component natures of properties, the considerable attention is addressed to the real...

The aim of this work is to obtain explanatory equations for the stock-market value of construction and real estate companies, using the economic-financial information supplied by the same. Equations of fundamental valuation of construction and real estate companies will be calculated by means of...

Facilities Management (FM) can be summarised as creating an environment that is cohesive to carry out an organisationís primary operations, taking an integrated view of the infrastructure services and use it to give customer satisfaction and value for money through support for an enhancement of...

The purpose of the study was to explore the existence of generational differences in the employees’ experiences in the office environment in Johannesburg. The authors conducted a survey of employees in two financial institutions in South Africa.Open plan offices were found to be the...

The presence of nearby public facility contributes to real-estateís value, thatís why the market may expect impact of public project on houseís price. But undesirable and semi-desirable facility location choices can be contested by close inhabitants, because they are source of negative...

There has been a continuous improvement of the thermal quality of buildings during the past decades: While in the 1970s annual energy consumptions of more than 100kWh/sqm were common, todayís state of the art buildings usually feature energy demands below 10kWh/sqm. Based on a comprehensive...

This paper assesses the response of Real Estate Investment Trusts (REIT's) to unexpected changes in US monetary policy. A critical element in this study is the use of futures markets to isolate unexpected changes in the policy rate. We find a significant negative response of REIT returns to a...

A clear statement of the paperís objectives and subject matter: The objective is to solve the five problems that a German and US bilateral working group concluded need to be solved for successful brownfield redevelopment. An assessment of the originality of the paperís contribution to the...