000 01339cab a2200217 4500
001 ##L133020
008 060403n2006 000 0 eng u
035 _a(Sirsi) u133020
041 0 _aeng
100 1 _aMcGreal, Stanley
245 0 0 _aInstitutional real estate portfolio diversification in Ireland and the UK
260 _c2006
490 0 _aJournal of Property Investment and Finance
_v24(2) 2006, 136-149(15)
520 _aExamines the potential diversification of private real estate investments by creating optimal real estate-only portfolios using total returns, income returns and appreciation returns for office and retail real estate in ten major regional centres in Ireland and the United Kingdom, with the returns being treated as separate asset streams in the modelling of portfolios. The results showed different risk levels, with the income stream carrying low risk, whilst the capital appreciation element is considerably more volatile. Optimal portfolios, whether income, appreciation or total returns, indicate that provincial markets perform well and can replace London in optimised portfolios.
590 _aIKA110406
690 _aPROPERTY-PROPERTY FINANCE AND INVESTMENT-PROPERTY INVESTMENT APPRAISAL
700 1 _aAdair, Alastair
700 1 _aBerry, James N.
700 1 _aWebb, James R.
942 _n0
999 _c76744
_d76744