The planned shopping centre or mall has become an important part of contemporary life style. It has been changing patterns of shopping as well as social and recreational activities since its first appearance in 1920s in the US: now malls are found almost everywhere in the world (Brown, 1992; Urban...

There is a longstanding body of literature that discusses the potential for clients to influence the outcome of the property appraisal process. In the market downturn of 2007-9, it is clear from a number of practitioner conferences and articles that some market participants such as investment...

This paper extends the debate on the effects of client influence on external valuations. We augment prior research based on interview or experimental evidence by analysing the UK real estate downturn starting in 2007. This period forms a natural experiment of valuation influence in that...

ERES:conference

ERES:conference

Positive inter-store externalities, sometimes termed as demand externalities (Eppli and Benjamin 1994), are the positive effects generated from one or more tenant(s) to other tenant(s) without consent and compensation between the generator and receiver. In previous research, demand externalities...

This paper makes the case for doing research on the history of investment valuation. It adopts a cultural economy approach which suggests that economies and markets are constructed, not given; and that economic practices ñ such as those involving calculations like property investment valuations...

At the end of 2005 German open ended funds were subject to heavy withdrawals and a number of funds either suspended dealings or were supported by the parent bank. Fund units are priced by the fund managers based on the asset values of the properties in the funds. The main selling platform of...

Much of the attention in the recent global financial crisis has centred on real estate. As Goodhart (2010) notes, more bank lending is for property than anything else and real estate is the most common form of collateral for lending (whatever the purpose of the loan). Vickers (2011), chair of...

This paper addresses the commercial leases policy issue of how to deal with small business tenants. The UK has adopted a voluntary solution to commercial lease reform by using Codes of Practice which is in contrast to the legislative approach adopted by Australia to attempt to solve its...