Unlisted property funds and the emerging property markets


Autoria(s): Baum, Andrew
Data(s)

2008

Resumo

This paper sets out to describe the changing nature of global property investment, to provide background information regarding the nature of unlisted property funds and their managers and investors, and especially the role played by unlisted property funds in facilitating cross-border investing. In particular, it focuses on the development of unlisted funds as intermediary structures carrying institutional capital from developed to developing markets. It presents the results of new research by UK research firm Property Funds Research (PFR) and the University of Reading which explores the extent to which this new vehicle has been effective in delivering capital to emerging markets. The research relates the number of funds targetting particular countries and to population and GDP per capita. It finds that there is a very strong relationship between the popularity of a country for investment through this vehicle format and these independent variables. More interesting, perhaps, is the identification of outlier countries where the amount of investment is significantly less - or greater - than that predicted by population and GDP per capita.

Formato

text

Identificador

http://centaur.reading.ac.uk/27046/1/0108.pdf

Baum, A. <http://centaur.reading.ac.uk/view/creators/90001675.html>, (2008) Unlisted property funds and the emerging property markets. Working Papers in Real Estate & Planning . 01/08. Working Paper. University of Reading, Reading. pp24.

Idioma(s)

en

Publicador

University of Reading

Relação

http://centaur.reading.ac.uk/27046/

creatorInternal Baum, Andrew

Tipo

Report

NonPeerReviewed