...Mike Riley; David Isaac Presents the results of a 1996 survey of the lending practices (for property) of 65 banks and financial institutions. Highlights the salient results in investment, development, location and the future. The average size of property loan book rose to £450 million, up from...

... are not transferred to the other. Conventional wisdom suggests that a well‐diversified portfolio should contain assets spread across different markets, such as holdings of equities, bonds and property, while an increasingly accepted notion is that portfolios should also be diversified internationally. Research over...

...Kim Hiang Liow Analyses the quarterly share price discount/ premium of Singapore property companies in the period 1980‐94. Further investigations suggest an inverse relationship between the size of average valuation discount of property equity and direct property return even in the presence...

...Graeme Newell; Kwong Wing Chau Assesses the relationship between Hong Kong property company and commercial property market performance over 1984‐94. Finds that property companies provide a useful source of transaction‐based information about changing property market fundamentals. The unique...

...Andrew Adams; Philip Booth Develops and compares a number of alternative discounted cash flow (DCF) approaches to the appraisal of over‐rented property. The transparent nature of DCF techniques makes them more suitable than traditional techniques for the appraisal of over‐rented property...

... in the subjective valuation process between appraisers and investors may have the result of creating a time shift in the return measurements relative to one another. New information that affects the probability distribution of future outcomes for future cash flows and future property values may be incorporated...

...R.J. Barkham; C.W.R. Ward; O.T. Henry Presents results of an investigation of the inflation‐hedging characteristics of UK property. Evaluates the various methods of decomposing inflation into its “expected” and “unexpected” components, using new time series data on inflation expectations produced...

... of borrower behaviour. Borrowing Contamination Environmental risk assessment Liability Property Debt plays a major role in the financing of real assets including real estate. Numerous factors influence the behaviour of a borrower. Here we focus on behaviour and consequences having origin...

...Peter Byrne; Stephen Lee Uses modern portfolio theory and a spreadsheet optimizer to make an ex‐post examination of the strategic diversification effects of including property in a multi‐asset portfolio, using UK appraisal‐based(smoothed) data and several derived desmoothed series. Includes...

...Mike Riley; David Isaac Presents the results of a 1995 survey of the lending practices (for property) of 59 banks and financial institutions. Highlights the salient results in investment, development, location and the future. Concludes that lenders are relaxing their lending criteria which...

...A.S. Adair; J.N. Berry; W.S. McGreal Reviews institutional decision making and the role of property within a multi‐asset portfolio. Discusses diversification strategies by sector and region as a means of reducing or managing risk. Indicates the mismatch that can occur between the perception of risk...

...‐hedging techniques in the commercial property market, and considers potential benefits to international property transactions. © MCB UP Limited 1994 Exchange rates Hedging Investment Property Property portfolio management Commercial property for many years has assumed an important...

...Ong Seow Eng Although studies have been conducted in the USA to test if property‐related investment vehicles are an alternative for direct real estate investment, there has been little research in Singapore. Tests the existence of a relationship between property stocks and real estate prices...

...Neil J.K. Turner; Stuart A. Gronow; Paul Pritchard Illustrates that there are environmental risks associated with the current land uses which can be expected to be found within the industrial element of both institutional and property investment company portfolios. Argues that environmental...

...Stephan Bone‐Winkel German open‐ended property fund shows that a strategic management of property investment is indispensable. Suggests that it is possible and fruitful to adapt the instruments for strategic management used by industrial companies to fit the needs of property companies...

...George Murdoch Discusses how over the last few years a form of property lease has been developed which is characterized by having predetermined levels of rental uplift, rather than relying on open market or other forms of rent review. Argues that this establishes a rent review formula...

...Bill Maxted Aims to investigate the reliability of two of the criteria commonly used by banks in assessing the risks associated with lending on a commercial property project. The two criteria to be examined are loan to value and income to interest cover covenants. In the light of the research...

...Andrew Green The Finance Act 1994 introduced the most significant changes to the law on capital allowances and property for nearly a decade. Focuses on these changes and examines their impact on property owners, investors and property professionals, and gives guidelines for dealing with the new...

... increasing pressure on its management to disclose more financial information, to renegotiate loans, and eventually, to file for bankruptcy. © MCB UP Limited 1994 Bankruptcy Banks Borrowing Canada Financial performance Olympia and York Development Ltd Property Real estate United Kingdom...

...Nick French; Neil Crosby In the last few years a number of large operational companies in the United Kingdom have chosen to segregate the management of their property holdings from the day‐to‐day running of their core business. This has either been achieved by forming property sections within...