Under the traditional method of valuation, risk is implicit within the initial yield which is used to capitalise the net income into perpetuity. The yield is derived from the risk free rate, usually long-dated gilts, plus a risk premium (Hoesli and MacGregor, 2000). Where the risks are seen to...

The paper has two aims; to consider the negotiating strength of landlords and tenants in lease negotiations and to calculate the level of deposit which is necessary to mitigate income risk. The paper reviews existing literature on the negotiation strength between landlords and tenants in...

Public Private Partnerships have made a substantive contribution to the upgrade in infrastructure quality around the world enhancing resident quality of life and supporting economic development. The rollout of the PPP model has not met with universal approval however; indeed in some countries...

Amidst ongoing economic austerity, the UK government faces a significant challenge to fund major infrastructure projects. In many areas, market based solutions are not possible due to the scale of infrastructure required, at a time when land values are declining and occupier rents and yields...

At an international level governments are increasingly seeking to ensure greater involvement of the private sector in the financing and delivery of regeneration and sustainable communities. Regeneration is currently at the forefront of the UK Governmentís priorities (Urban White Paper, 2003:...

ERES:conference

ERES:conference

ERES:conference

Property performance indices have invariably focused upon prime markets with a variety of approaches used to measure investment returns. With urban policy driven by the sustainability agenda, increasing attention is being placed on the re-use of existing sites and brownfield land. However, there...

A fundamental element of UK urban policy, as outlined in the Urban White Paper, is the redevelopment of inner city land (DETR, 2000). However the valuation of urban regeneration land, in connection with grant funding, is said to be one of the most vexed issues in the appraisal of projects...