The paper will assess the realised performance of UK real estate investment funds using the largest available set of data from IPDís records. The first objective is to document fund returns over periods of 10 and 20 years using all the standard indicators of return, risk and risk adjusted...

The aim of the Journal of Property Investment and Finance is to keep industry practitioners informed on current thinking and developments in all aspects of real estate research and practice by informing and encourage debate between academics and practising professionals. To achieve this aim the...

Geographic diversity is a fundamental tenet in portfolio management. Yet there is evidence from the US that institutional investors prefer to concentrate their real estate investments in favoured and specific areas as primary locations for the properties that occupy their portfolios. This paper...

This study provides the first evidence on the magnitude of the difference between returns to UK property investors and the returns achieved by the property assets, i.e. the performance gap. Using historical return data for 45 market-segments over the time period 1981-2009 this paper shows that...

Initial Public Offerings (IPOs) of equity securities often exhibit under-pricing; i.e. common stock values tend to rise significantly from the offer price on the first day of trading. The evidence for Real Estate Investment Trust (REIT) IPOs is less consistent. However, most studies are...

This paper examines the integration between nine real estate markets namely, Belgium, France, Germany, Italy, the Netherlands, Spain, Sweden, and Switzerland and the UK since 1990 using a number of innovations over previous studies. First, unlike previous studies we uses observed global and...

ERES:conference

ERES:conference

ERES:conference

Geographic diversity is a fundamental tenet in portfolio management. Yet there is evidence from the US that institutional investors prefer to concentrate their real estate investments in favoured and specific areas as primary locations for the properties that occupy their portfolios. The little...