Tax Law (Books and Journals)
2475 results for Tax Law (Books and Journals)
- Editorial: the constructive and supportive PhD examiner
- Editorial for special issue on infrastructure and real estate
- Guest editorial
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The technological impact on real estate investing: robots vs humans: new applications for organisational and portfolio strategies
Purpose: The goal of this paper is to present a roadmap for real estate operating companies (REOCs) to transform themselves into tech-centric enterprises. Design/methodology/approach: This qualitative approach is based on the impact of technology on physical real estate assets and organisational structures as reviewed in industry and academic literature, professional experience and current...
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The short-run dynamics of Australian real estate investment trusts and direct real estate at the subsector level
Purpose: This paper examines the extent of the short-run relationship between Australian real estate investment trusts (A-REITs) and direct real estate returns on both a commercial property sector and a prime and secondary grade basis, i.e. a subsector basis. Design/methodology/approach: Two-step methodology is used. First, we identify the dynamic interdependencies between A-REITs and each...
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The rise of PropTech: emerging industrial technologies and their impact on real estate
Purpose: Industry 4.0 recognizes a broad set of technologies that rapidly redefine industry, including real estate. These broad technologies include the Internet of things (IoT), cloud computing, decision automation, machine learning and artificial intelligence. This paper explores applies Industry 4.0 to commercial real estate, resulting in a framework defined here as Real Estate 4.0, a concept...
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The effectiveness of passive land value capture mechanisms in funding infrastructure
Purpose: This study examines the effectiveness of passive value capture mechanisms as an effective form of mechanisms in funding infrastructure from an Australian perspective. The lukewarm response of active value capture mechanisms such as betterment levies in Australia is also discussed. Design/methodology/approach: A case study of the Sydney Metro City and Southwest (SMCSW) project in Sydney...
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Cost overruns and delays in infrastructure projects: the case of Stuttgart 21
Purpose: We investigate causes for the cost overrun and delay of the railway project Stuttgart 21. Besides, we try to forecast the actual costs and completion date at an early stage. Design/methodology/approach: The results of exploratory research show the causes for the cost overrun and delay of Stuttgart 21; we compare our findings with other railway projects. To estimate the costs at an early
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Estimating the value, ownership structure and turnover rate for investible commercial real estate from transaction datasets
Purpose: Commercial real estate (CRE) is a major investment asset. Yet detailed information on the value of investible CRE in different cities is lacking. The authors propose an innovative method to measure the value of investible CRE using transaction datasets. Design/methodology/approach: The authors take transaction prices and index them to produce a time series of values for each asset. The...
- Editorial
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COVID 19, real estate and uncertainty: examining this new “normal” through the quotes of Jim Graaskamp
Purpose: This paper examines the current uncertainty within real estate markets through the quotes of Dr. James A. Graaskamp, a real estate educator and researcher. Graaskamp focused his teachings on real estate investment through the lens of risk management and risk mitigation. Using the current COVID 19 pandemic crisis as the backdrop, the author examines how we might learn from Graaskamp to...
- Editorial
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The investment attributes of Mexico REITs as a listed property investment vehicle
Purpose: Mexico REITs are a significant and important REIT market, both in a regional and in emerging property market context. As one of the few emerging economies in the world with an active REIT market, Mexico REITs are specifically designed to provide an effective pathway to participate in the investment opportunities offered by the Mexico commercial property market for both domestic and...
- Editorial
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UK REIT conversion and institutional ownership dynamic
Purpose: The purpose of this paper is to examine the impact of conversion to REIT status by former listed property companies in the United Kingdom on the level of institutional ownership during the period of 2007–2016. Design/methodology/approach: This paper uses an event study framework to track the change in institutional ownership three years before and after a REIT conversion event. This...
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Impact of firm-level attributes on listed real estate company performance
Purpose: The purpose of this paper is to test the extent to which company-specific attributes including market capitalisation, capital structure and investment focus impact upon the performance of European listed real estate companies. Enhanced understanding of firm-level performance drivers is important for investors in order to diversify their investment portfolios and to mitigate company-specif
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The future of property education in Australia
Purpose: The study aims to comment upon the state of property education in Australia. Design/methodology/approach: Statement of opinion Findings: Property education in Australia is heading down a one-way dead-end road Research limitations/implications: This article is a statement of opinion Practical implications: Highlights alternative forms of delivery for property education in Australia ...
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It's about time
Purpose: Time is a critical element of commercial real estate (CRE) and has received only cursory attention. This paper identifies and describes the interactions between time, change and CRE. It leads to important implications and possible changes in professional practice, teaching and research. Design/methodology/approach: The research design involves identifying and synthesising research in a...
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Capital flows and office markets in major global cities
Purpose: Office markets and particularly international financial centres over the past decade have experienced rapid financialisation, developments and indeed changes in the post-global financial crisis (GFC) landscape. Importantly, the volume and types of international capital flows have witnessed more foreign actors and vehicles entering into the investment landscape with the concentration of...
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Maestros and mythologies: some lockdown reflections
Purpose: The paper reflects upon the tendency of participants in the commercial real estate markets to give excess status to individuals in decision-making and to hold beliefs that are at best weakly supported empirically. Design/methodology/approach: The paper is reflexive in nature, using experiential reflection to consider institutional processes in the real estate market. It is important to...
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Determinants of foreign and domestic non-listed real estate fund flows in India
Purpose: Real estate forms an important part of any economy and the investment in real estate, in turn, is impacted by the macroeconomic environment of that country. The purpose of the present research is to examine macroeconomic determinants of foreign and domestic non-listed real estate fund (NREF) flows and to examine whether they are similar or different for an emerging economy like India. ...
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Artificial intelligence and real estate - not just an evolution, a real game changer!
Purpose: Digitalisation and AI are the most intensively discussed topics in the real estate industry. The subject aims at increasing the efficiency of existing processes and the institutional side of the industry is really interested. And in some ways, this is a breakthrough. This article elaborates on the current status quo and future path of the industry. Design/methodology/approach: The real...
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Property futures—the art and science of strategic foresight
Purpose: The study aims to discuss the role of strategic foresight in determining and mapping possible property futures. In particular, the briefing will explore the importance of determining alternative futures and creating scenarios to help determine a flexible and adaptable strategy. Design/methodology/approach: This education briefing is an overview of property futures and strategic...
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How resilient are REITs to a pandemic? The COVID-19 effect
Purpose: Real estate investment trusts (REITs) are historically considered as attractive assets to investors particularly as the underlying assets are properties which are income-producing. REITs also distribute substantial amount of profits as dividends to shareholders. Stephen and Simon (2005) find that REITs in a mixed asset portfolio of stocks and bonds enhance returns and reduce risk. This...
- Editorial
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R.E. property meets technology: cross-country comparison and general framework
Purpose: Due to the young age of proptech, little is known about the dynamics of its expansion. In particular, there is limited agreement about a definition of “proptech,” while different categorizations are popping up. A severe lack of information emerges for the proptech scenario in Italy. The goal of this paper is to systematize multiple proptech maps in the attempt to create a framework for...
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The need for more research on the Asian real estate markets
Purpose: The Asian real estate markets have grown considerably in recent years and have taken on increased investment importance, particularly with significant developments in the emerging markets in Asia. This paper assesses the opportunities for more research on the Asian real estate markets, by highlighting the significance of Asia real estate, the drivers behind this growth and the unique...
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The added-value role of industrial and logistics REITs in the Pacific Rim region
Purpose: As significant listed property investment vehicles, industrial and logistics REITs (I&L REITs) have recently enhanced their property portfolios, often replacing the traditional industrial properties with logistic properties to gain strategic exposure to recent e-commerce trends. This paper aims to assess the investment performance of I&L REITs by assessing the significance, risk-adjusted
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Property valuation in the UK: material uncertainty and COVID-19
Purpose: An understanding of uncertainty has always been an integral part of property valuations. No valuation is certain, and the valuer needs to convey to the user of the valuation in the degree of uncertainty pertaining to the market value. Design/methodology/approach: This practice briefing is a short overview of the importance of understanding uncertainty in valuation in normal markets and...
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Property valuation in UK: climate change targets and the value of UK investment properties – a change in sea level[1]
Purpose: The UK government, in late 2019, announced new proposed targets for the energy efficiency legislation in the UK, MEES – Minimum Energy Efficiency Standards. The current suggestion is that all let properties, commercial or residential, need to be B rated by 2030. If this is implemented, it will have a significant impact upon the UK market property investment market. Design/methodology/app