The paper will explore the relationship between UK commercial real estate and the patterns of economic development in the United Kingdom over the last thirty years. Commercial real estate ñ office, retail and industrial property ñ plays a significant role in economic development and...

In this paper, we re-examine the benefits of holding a portfolio of international real estate securities in the light of evidence of growing co-movement of securitised asset returns across markets. Do diversification benefits depend on how integrated or independent the firms and countries are at...

The broad aim of this research is to develop a better understanding of the capital structure practices and processes of European real estate companies. The emphasis is on internal processes and the firmsí rationale for particular decision making behaviour. By capital structure processes and...

"We propose newly developed unsmoothing techniques which are based on a regime-switching Threshold Autoregressive (TAR) model. We first examine analytically conventional unsmoothing techniques which model the true returns by a linear Autoregressive (AR) process ñ and show that when true returns...

ERES:conference

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...

"In the retail hierarchy, the usual role of the regional shopping centre is to fulfill the highest ranked consumer demands. Therefore, the combination of the variety of the mix and the quality of tenants within that mix in a regional shopping centre will be a key element in maximizing shopping...

ERES:conference

ERES:conference

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...