...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. British retail and merchant banks, however, are increasing...

...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...

... 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...

...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...

.... Therefore, investors should base share price valuations on the same real estate market information that real estate appraisers would use in valuing the underlying properties. © MCB UP Limited 1996 Multiple time series Property Securitization Many studies have focused on the nature...

...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. The risk to the borrower takes the form of: potential actions resulting from perceived contamination of real property; potential actions by parties other than the borrower prompted by concerns about the physical contamination of or by the borrower′s property; “political...

...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...

...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...

...‐hedging techniques in the commercial property market, and considers potential benefits to international property transactions. The main aims of hedging are to match assets with liabilities avoiding any losses due to exchange‐rate movements. Traditional hedging methods include foreign exchange contracts...

...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...

...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...

...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...

...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...

..., with no outside representation on the board[ 19 ]. This structure allowed them to deal directly with the banks and to develop a “reputation for honesty unrivalled in the property world”[ 20 ]. Servicing bank loans, which constitutes a fixed commitment of O&Y′s cash flows from rental income,enhanced...

...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...