The Experts below are selected from a list of 116184 Experts worldwide ranked by ideXlab platform
Hugh P. Possingham - One of the best experts on this subject based on the ideXlab platform.
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the need for speed informed land acquisitions for conservation in a dynamic Property Market
Ecology Letters, 2008Co-Authors: Eve Mcdonaldmadden, Edward T. Game, Michael Bode, Hedley S Grantham, Hugh P. PossinghamAbstract:Land acquisition is a common approach to biodiversity conservation but is typically subject to Property availability on the public Market. Consequently, conservation plans are often unable to be implemented as intended. When properties come on the Market, conservation agencies must make a choice: purchase immediately, often without a detailed knowledge of its biodiversity value; survey the parcel and accept the risk that it may be removed from the Market during this process; or not purchase and hope a better parcel comes on the Market at a later date. We describe both an optimal method, using stochastic dynamic programming, and a simple rule of thumb for making such decisions. The solutions to this problem illustrate how optimal conservation is necessarily dynamic and requires explicit consideration of both the time period allowed for implementation and the availability of properties.
Dennis C M Urquhart - One of the best experts on this subject based on the ideXlab platform.
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Stone cleaning and its effect on Property Market selling price
2020Co-Authors: Richard A Laing, Dennis C M UrquhartAbstract:Abstract Stone cleaning has been carried out widely for two decades or more, and a large amount of cleaning is still completed each year. Whilst in many cases the aesthetic benefits of stone cleaning have been initially undeniable, concern has been raised concerning the long term effects of such intervention. In order that the reasons underlying the continuing popularity of stone cleaning as an urban improvement device can be better understood, it was suggested that stone cleaning might in itself result in immediate gains in terms of Property Market selling prices. The study concludes that the gains which might be expected initially are in the region of up to 3 per cent, with improvements in Property Marketability more apparent. At present, it would appear that problems associated with stone cleaning methods causing damage to stone are not being reflected by the Property Markets to a significant extent. It is essential that these gains be examined in relation to longer term life cycle costs, in order that the overall effects on financial value can be better understood
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stone cleaning and its effect on Property Market selling price
Journal of Property Research, 1997Co-Authors: Richard Laing, Dennis C M UrquhartAbstract:Stone cleaning has been carried out widely for over two decades, and a large amount of cleaning is still completed each year. Whilst in many cases the aesthetic benefits of stone cleaning have been initially undeniable, concern has been raised concerning the long-term effects of such intervention. In order that the reasons underlying the continuing popularity of stone cleaning as an urban improvement device can be better understood, it was suggested that stone cleaning might in itself result in immediate gains in terms of Property Market selling prices. The study concludes that the gains which might be expected initially are in the region of up to 3%, with improvements in Property Marketability more apparent. At present, it would appear that problems associated with stone cleaning methods causing damage to stone are not being reflected by the Property Markets to a significant extent. It is essential that these gains be examined in relation to longer-term life cycle costs, in order that the overall effects on financial value can be better understood.
Gregory M Schwann - One of the best experts on this subject based on the ideXlab platform.
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price discovery in the hong kong real estate Market
Journal of Property Research, 2001Co-Authors: K W Chau, Bryan D Macgregor, Gregory M SchwannAbstract:This paper examines price discovery for four sectors of the Hong Kong Property Market. The Hong Kong Property Market is one of the deepest and most liquid Markets in the world. In addition, a substantial proportion of the real estate sector is securitized in the local share Market. This makes Hong Kong one of the better places to examine price discovery. The results show that the returns to securitized real estate in Hong Kong are a mirror of broader international capital Market movements. Once international capital Market variables are included in the regressions, the returns to securitized real estate in Hong Kong convey little information about the appraisal-based returns to Hong Kong real estate. In addition, the results show that both capital Market variables and local economic variables are significant for explaining the appraisal-based returns to Hong Kong Property. The two sets of variables account for from 58% and 87% of the total variation in returns, with capital Market factors contributing bet...
Eve Mcdonaldmadden - One of the best experts on this subject based on the ideXlab platform.
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the need for speed informed land acquisitions for conservation in a dynamic Property Market
Ecology Letters, 2008Co-Authors: Eve Mcdonaldmadden, Edward T. Game, Michael Bode, Hedley S Grantham, Hugh P. PossinghamAbstract:Land acquisition is a common approach to biodiversity conservation but is typically subject to Property availability on the public Market. Consequently, conservation plans are often unable to be implemented as intended. When properties come on the Market, conservation agencies must make a choice: purchase immediately, often without a detailed knowledge of its biodiversity value; survey the parcel and accept the risk that it may be removed from the Market during this process; or not purchase and hope a better parcel comes on the Market at a later date. We describe both an optimal method, using stochastic dynamic programming, and a simple rule of thumb for making such decisions. The solutions to this problem illustrate how optimal conservation is necessarily dynamic and requires explicit consideration of both the time period allowed for implementation and the availability of properties.
Colin Lizieri - One of the best experts on this subject based on the ideXlab platform.
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financial alchemy or a zero sum game real estate finance securitisation and the uk Property Market
2001Co-Authors: Colin Lizieri, Charles WardAbstract:Following the US model, the UK has seen considerable innovation in the funding, finance and procurement of real estate in the last decade. In the growing CMBS Market asset backed securitisations have included $2.25billion secured on the Broadgate office development and issues secured on Canary Wharf and the Trafford Centre regional mall. Major occupiers (retailer Sainsbury’s, retail bank Abbey National) have engaged in innovative sale & leaseback and outsourcing schemes. Strong claims are made concerning the benefits of such schemes – e.g. British Land were reported to have reduced their weighted cost of debt by 150bp as a result of the Broadgate issue. The paper reports preliminary findings from a project funded by the Corporation of London and the RICS Research Foundation examining a number of innovative schemes to identify, within a formal finance framework, sources of added value and hidden costs. The analysis indicates that many of the gains claimed conceal costs – in terms of Market value of debt or flexibility of management – while others result from unusual firm or Market conditions (for example utilising the UK long lease and the unusual shape of the yield curve). Nonetheless, there are real gains resulting from the innovations, reflecting arbitrage and institutional constraints in the direct (private) real estate Market
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homogeneous commercial Property Market groupings and portfolio construction in the united kingdom
Environment and Planning A, 2000Co-Authors: Foort Hamelink, Colin Lizieri, Martin Hoesli, Bryan Duncan MacgregorAbstract:Property portfolios are traditionally constructed by diversifying across geographical areas, Property types, or a combination of both. In the United Kingdom it is normal practice to use regions rather than towns or local Market areas as the geographical divisions. The authors use cluster analysis to construct homogeneous groups from 157 UK local Markets, by means of commercial Property returns. The results show strong Property-type dimensions and only very broad geographical dimensions in the clusters. These clusters are found, in general, to have temporal stability with changes in cluster membership being explained by the changing economic geography of the United Kingdom. The cluster-derived groupings are used to derive efficient investment frontiers and are compared with frontiers based on conventional heuristic groupings. It is shown that strategies based on parsimonious cluster-based groupings, appropriate for smaller investors, generate results that are comparable with those of conventional groupings and capture the main drivers of Property performance.
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new business practices and the corporate real estate portfolio how responsive is the uk Property Market
Journal of Property Research, 1999Co-Authors: Virginia Gibson, Colin LizieriAbstract:It has been asserted that business reorganization and new working practices are transforming the nature of demand for business space. Downsizing, delayering, business process reengineering and associated initiatives alter the amount, type and location of space required by firms. It also has implications for the contractual arrangements. Drawing from UK research, the paper demonstrates that, although new working practices are widespread, their current impact on the corporate Property portfolio is muted. However, these changes have altered the way corporate Property managers think about their portfolios with a clearer view of the divide between their core and peripheral Property requirements. The inflexibility in UK Market structures are felt to constrain the supply of a diversity of space required to meet the breadth of occupier requirements. Nevertheless there is increasing evidence that change is occurring which may have a profound impact on the Market structure in the longer term.
