The decision making behaviour of institutional investors usually target prime commercial real estate. The rationale for this investment strategy is to maximise the risk adjusted returns and the diversification potential as well as quality buildings, tenant covenant strength and the subsequent...

Abstract: In the light of continued financial and economic turmoil, there has been a marked increase in the volatility in real estate markets. This is impacting on the pricing of property assets, partly through market sentiment, particularly concerning risk. In a downturn, the perception of...

The last year has seen financial crisis, and the threat of further more dramatic financial events across Europe dominate much of the global economic news. This is having an increasing impact on the commercial real estate market. Many participants are wondering about how this will feed through to...

Purpose – The purpose of this paper is to investigate the strategy that a turnaround in the USA will portend a turnaround in the UK's economy and property market. For this strategy to operate, it is assumed that the capital and property markets in and between the two nations are highly...

Purpose – The paper aims to contribute to the understanding of the current valuation practices and services offered across Asia, in particular the valuation techniques and methodology used by practising valuers in Hong Kong. Design/methodology/approach – In order to gain professional...

Purpose – This paper aims to contribute to the theory, practice and development trends in relation to commercial property leases. Design/methodology/approach – The paper utilises three key methodological approaches to the research, namely, case studies, desktop literature review and...

ERES:conference

This study constructs optimal real estate portfolios using returns from Great Britain (England, Scotland, and Wales) and Ireland (Northern Ireland and the Republic of Ireland). Data from IPD for ten major regional centres are used for office and retail property from 1984 through 2002 (excluding...