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Baum, A. and Lizieri, C., (1998) International investment, ownership and risk in the City of London office market: an analysis of trends 1972-1997. Working Papers in Land Management & Development. 05/98. Working Paper. University of Reading, Reading. pp20.
Abstract/Summary
Office returns in the City of London are more volatile than in other UK markets. This volatility may reflect fluctuations in capital flows associated with changing patterns of ownership and the growing linkage between real estate and financial markets in the City. Using current and historical data, patterns of ownership in the City are investigated. They reveal that overseas ownership has grown markedly since 1985, that owners are predominantly FIRE sector firms and that there are strong links between ownership and occupation. This raises concerns about future volatility and systemic risk.
| Item Type | Report (Working Paper) |
| URI | https://reading-clone.eprints-hosting.org/id/eprint/27230 |
| Item Type | Report |
| Divisions | Henley Business School > Real Estate and Planning |
| Uncontrolled Keywords | Office Markets, Ownership, Investment, Systemic Risk, City of London |
| Publisher | University of Reading |
| Publisher Statement | The copyright of each working paper remains with the author. If you wish to quote from or cite any paper please contact the appropriate author; in some cases a more recent version of the paper may have been published elsewhere. |
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