The last three decades have seen substantial change in real estate portfolios of financial institutions. This paper begins by first charting this restructuring of the institutional real estate portfolio between industrial, offices and retail classes over the last thirty years in the UK. This...

Interest in international property investment can be traced back to the early 1970s with the collapse of the Bretton Woods fixed exchange rate system, the oil price shock of 1973 and the need to recycle petroleum wealth, all of which marked a sea-change in the global economy (Worzala, 1994:...

It has been argued that investors overlook investment opportunities in the real estate markets of the UK outside London. This paper examines the fundamentals of real estate markets in British provincial cities. It analyses the diversification potential for investing and differences in expected...

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