IDEAS home Printed from https://ideas.repec.org/p/arz/wpaper/eres2016_86.html
   My bibliography  Save this paper

The Restructuring of the Institutional Real Estate Portfolio in the UK

Author

Listed:
  • Colin Jones
  • Neil Dunse
  • Nicola Livingstone
  • Kevin Cutsforth

Abstract

Real estate investment portfolios of financial institutions have seen dramaticchanges over the last three decades or more. Historically such propertyinvestment decisions have been seen within a portfolio diversificationparadigm that has sought to balance risk and return. This paper considersthe role of the supply of assets in the determining and constraining the UKinstitutional portfolio. The supply of real estate assets not only expandsduring development booms but has also been transformed as the spatialstructure of cities and property forms adapt to cars and the ICT revolution.The research examines long term temporal patterns n the development ofnew forms of real estate and the change to the institutional portfolio asexemplified by the IPD database. It considers to what net investmentchanges are driven by the returns of individual sectors or vice versa basedon Granger Causality tests. It also assesses to what extent investmentpatterns can be explained in terms of portfolio theory.

Suggested Citation

  • Colin Jones & Neil Dunse & Nicola Livingstone & Kevin Cutsforth, 2016. "The Restructuring of the Institutional Real Estate Portfolio in the UK," ERES eres2016_86, European Real Estate Society (ERES).
    • Handle: RePEc:arz:wpaper:eres2016_86
    as

    Download full text from publisher

    File URL: https://eres.architexturez.net/doc/oai-eres-id-eres2016-86
    Download Restriction: no
    ---><---

    More about this item

    JEL classification:

    • R3 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:arz:wpaper:eres2016_86. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Architexturez Imprints (email available below). General contact details of provider: https://edirc.repec.org/data/eressea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.