...Professor Norman Hutchison; Richard Grover; Christine Grover Purpose – The purpose of this paper is to review what is known about obsolescence and its causes, and provide a critique of how it is reflected in valuations. Design/methodology/approach – The method has been to review...

...Richard Barras; Paul Clark Presents results of an investigation into the rate of rental and capital obsolescence in the City of London office market. Using a theoretical approach based on a “vintage model” of capital investment and data from the IPD database, assesses the historic rate...

... may be expected to produce quality. This produces a complex subsidiary question concerning this relationship, which is also addressed here. © MCB UP Limited 1994 Depreciation Design Net present value Obsolescence Offices Quality Return on investment Quality and profit...