Applying a historical cost accounting (HCA) concept in property companies led on many occasions to a situation where everyone knew that the figures in balance sheets and income statements were wrong from a market perspective, but the analysts knew how the figures had arisen. Applying a fair...

The purpose of this study is to examine the relative performance of European commercial real estate markets, with an emphasis on the three largest evolving markets for the recent new entrants to the EU in May 2005 namely, Poland, the Czech Republic and Hungary. Employing a panel data oriented...

ERES:conference

Infrastructure provision is a multidimensional problem for governments and businesses globally. Decades of under-investment within developed economies combined with an insatiable appetite for infrastructure within emerging economies has culminated in an infrastructural deficit estimated at circa...

ERES:conference

ERES:conference

This study presents a simple formula for the gains from sale and leaseback transactions, based on the traditional theory of a firm. A typical firm, which intends to sell ?% of its whole capital to the SPC and retain the benefits of its location through a tenancy, will be taken as an example. It...

European retailing is undergoing an immense process of change. Much attention has been directed to the impact of retailing. Whilst this is an important factor its high profile has led to an oversimplification, indeed masking, of the complexities involved in the current wave of retail change....

Research into residential property investment has historically been limited, yet the UK residential market has an estimated value in excess of £2 trillion and is of key importance to the domestic economy. The purpose of this paper is to assess the potential of investment in the unsecuritised...

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...