Global Trends in Real Estate Finance
Real Estate Issues
1. Auflage Dezember 2009
312 Seiten, Hardcover
Wiley & Sons Ltd
To operate effectively in today's dynamic global real estate
markets, it is essential to understand the complex processes that
underpin them. This up-to-date work, which brings together
contributions from industry and academic experts from around the
world, is a valuable corollary to effective investment
decision-making within the property sector and will be of interest
to post-graduate property students, researchers and practising real
estate investors.
Recent years have seen some rapid developments in the global
scale and structure of real estate markets. Such transformations
have been paralleled by significant changes in the financial
structures, and processes that serve these markets, including
sophisticated new investment and finance structures and products.
Examples of these include the real estate investment trusts (REIT)
products that have been developed in USA, Europe and Asia, the
range of unlisted products emerging in UK and Europe, and the
innovative financing structures being developed in many
countries.
Global Trends in Real Estate Finance addresses this
emerging complexity and sophistication in contemporary real estate
markets by discussing the history, merits and implications of a
range of products and processes. Also examined are the changes in
the practices and environment needed to ensure the success of these
property products, including increased disclosure, corporate
governance, market transparency and improved skills base.
Chapters are written by leading international contributors, both
academic and practitioner. The context is explicitly international,
with a focus on UK, Europe, Asia, Australia and the USA. The aim is
to identify specific market areas to describe the key innovations,
rather than simply providing a description of various geographical
markets.
Contributors
Part I: Products
1. Global REITs universe continues to expand and develop (Lijian Chen and Thomas I. Mills, UBS).
2. The US real estate investment trust (REIT) market (Will McIntosh, University of Cincinnati).
3. Progress on REIT regimes in Europe (Simon Clark and Tom Road, Linklaters, Olivier Mesmin, Baker McKenzie, Matthias Roche, Ernst & Young).
4. Listed Property Trusts in Australia (Graeme Newell, University of Western Sydney).
5. Asian REITs: playing the yield game (Joseph T.L. Ooi and Neo Poh Har, National University of Singapore).
6. European real estate unlisted vehicles: a mature market now or is there more to come? (Karen Sieracki, KASPAR Associates).
Constructing a global real estate investment index (Ian Cullen, Investment Property Databank).
8. Property derivatives (Gary McNamara, DTZ).
9. Property markets in central and eastern Europe (Stanley McGreal, Jim Berry and Alastair Adair, University of Ulster).
10. Islamic finance and Shariah compliant real estate investment (Ali Parsa, University of Ulster, and Ali Muwlazadeh, London South Bank University).
PART II: Processes
11. Socially responsible property investment - background, trends and consequences (Thomas Lutzkendorf and David Lorenz, Universität Karlsruhe).
Corporate governance in the real estate industry (Prof. Dr. Karl-Werner Schulte, Prof. Dr. Wolfgang Schäfers and Nicolas Kohl, University of Regensburg).
13.The future of real estate education (Tony Key, Cass Business School).
Index.
Construction ,Property and Planning, University of Western
Sydney
Karen Sieracki, director of KASPAR Associates Ltd - property
research
