Due to the requirement to demonstrate financial feasibility of policy proposals and scheme-specific planning obligations, development viability and development appraisal have become core themes in the UK planning system. Whilst there is an array of variations of the residual model that can be...

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...

This paper investigates the extent to which office activity contributes to travel-related CO2 emission. Travel accounts for 32% of UK CO2 emission and commuting and business travel accounts for a fifth of transport-related CO2 emissions, equating to 6.4% of total UK emissions. Figures from the...

The aim of this research is to investigate whether offices in the United Kingdom with an environmental label command a price premium when compared to non-labelled offices that possess otherwise similar characteristics. The de facto standard for sustainability in buildings in the UK is the...

The linkage between corporate commitment to environmental, social and governance (ESG) issues and investment performance has generated a substantial body of research outside the real estate sector. Nevertheless, the relationship between the environmental performance and financial performance of...

The focus of this study is on the effect of EPC rating on the capital values, rental values and equivalent yields of a sample of UK commercial property assets. As part of a wider objective to reduce greenhouse gas emissions, one of the policy aims of energy labelling of buildings is to provide...

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...

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...