Seminal work by Grenadier (1995) derived a set of hypotheses about the pricing of different lease lengths in different market conditions. Whilst there is a compelling theoretical case for and a strong intuitive expectation of differential pricing of different lease maturities, to date the...

This paper analyses the appraisal of a specialized form of real estate - data centres - that has a unique blend of locational, physical and technological characteristics that differentiate it from conventional real estate assets. Market immaturity, limited trading and a lack of pricing signals...

This paper investigates the relationship between lease maturity and rent in commercial property. Over the last decade market-led changes to lease structures, the threat of government intervention and the associated emergence of codes of practice for commercial leases have stimulated growing...

This paper investigates the relationship between lease maturity and rent in commercial property. Over the last decade market-led changes to lease structures, the threat of government intervention and the associated emergence of the Codes of Practice for commercial leases have stimulated growing...

This paper evaluates the double gamma distribution as a means of modelling asymmetry in the conditional distribution of financial data. To do this the model is applied to ten exchange rate series covering mature and emerging market countries. A second contribution of this paper is to highlight...

In finance theory the standard deviation of asset returns is almost universally recognized as a measure of risk. This universality continues to exist even in the presence of known limitations of using the standard deviation and also an extensive and growing literature on alternative risk...

The role of selling (or marketing) period uncertainty in understanding risk associated with property investment is examined in this paper. Using an approach developed by Lin (<CitationRef CitationID="CR14">2004</CitationRef>), and Lin and Vandell (<CitationRef CitationID="CR15">2001</CitationRef>, <CitationRef CitationID="CR16">2005</CitationRef>), combined with a statistical model of UK commercial property transactions, we...</citationref></citationref></citationref>