The ratio of freehold corporate property among German companies was on average at 70 % in the year 2000. This represents a level of ownership being more than twice as high as with their international competitors. Generally, not only German but all continental European companies exhibit a ratio...

Although the application of capital market theory is questionable in real estate investment, institutional investors are advised continuously to perform asset allocation and real estate portfolio management with CAPM-based models. Due to a lack of data in many real estate markets and other...

Regarding the immense real estate divestitures that have taken place over the last couple of years, some stakeholders have begun to wonder if these short‐term activities may affect the long‐term competitive advantage of a company. While it appears reasonable that property divestitures...

Purpose: The purpose of this paper is to examine the influence of corporate real estate (CRE) holdings on firm performance. Unlike previous studies, the paper does not only consider the firms’ primary business segment but also their activities in different business fields. This is of...

Purpose: The purpose of this study is to explain the contribution of Corporate Real Estate Management (CREM) to corporate success and to substantiate it empirically. However, no empirically tested holistic concept classifies and explains the different success contributions of CREM in their...

Purpose: The purpose of this study is to find out if corporate real estate ownership is priced into the capital market performance of non-property companies in the UK. This is of particular interest because ownership still represents a significant weight on the balance sheets and is...