Article thumbnail
Location of Repository

International investment, ownership and risk in the City of London office market: an analysis of trends 1972-1997

By Andrew Baum and Colin Lizieri

Abstract

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

Publisher: University of Reading
Year: 1998
OAI identifier: oai:centaur.reading.ac.uk:27230
Sorry, our data provider has not provided any external links therefore we are unable to provide a link to the full text.

Suggested articles


To submit an update or takedown request for this paper, please submit an Update/Correction/Removal Request.