This Article Full Text (PDF) References Alert me when this article is cited Alert me if a correction is posted Services Email this article to a friend Similar articles in this journal Alert me to new issues of the journal Add to Saved Citations Download to citation manager Add to My Marked Citations Citing Articles Citing Articles via Google Scholar Google Scholar Articles by Hoesli, M. Articles by MacGregor, B. Search for Related Content Social Bookmarking                   What's this?

The Spatial Dimensions of the Investment Performance of UK Commercial Property

HEC, University of Geneva, Unit-Mail, 102 boulevard Carl-Vogt, CH-1211 Geneva 4, Switzerland, hoesli{at}uni2a.unige.ch., Department of Accountancy , University of Aberdeen, Edward Wright Building, Dunbar Street, Aberdeen AB24 3QY, UK

Colin Lizieri

Department of Land Management and Development, Faculty of Urban and Regional Studies, University of Reading, Whiteknights, Reading RG6 6AW, UK, c.m.lizieri{at}rdg.ac.uk.

Bryan MacGregor

Department of Land Economy, University of Aberdeen, St Mary's, King's College, Old Aberdeen AB24 3UF, UK, b.d.macgregor{at}abdn.ac.uk.

In this paper, cluster analytical techniques are used to examine dimensions of diversification in UK commercial property markets. A variety of techniques are used on a dataset which contains property returns for 156 property markets (67 retail locations, 64 office locations and 25 industrial locations). The results strongly suggest that property type is the most important dimension in determining different market behaviour. There is also evidence of a geographical factor, but one which does not conform to the conventional 11-region administrative classification but rather suggests a London factor.

CiteULike    Connotea    Del.icio.us    Digg    Reddit    Technorati    What's this?