European Real Estate Society

$199.00

The European Real Estate Society: ten years of constructive engagement In June 2003 the European Real Estate Society (ERES) celebrated its tenth anniversary by holding its annual conference in Helsinki, Finland. The conference was organised by Hanna Kaleva and Olli Olkkonen from KTI (The Finnish Institute of Real Estate Economics) with strong support from their KTI colleagues, the wider Finnish real estate community and the many sponsors of the conference. The Helsinki conference attracted over 350 participants from 31 countries with over 180 papers presented. This special edition of the Journal of Property Investment & Finance contains the winner of the first annual Gerald Brown Memorial Prize, sponsored by Emerald, for the best paper presented on Real Estate Investment and Valuation at ERES 2003 and includes three other papers presented at the conference. The winner of the Gerald Brown Memorial Prize was ?Investment performance within urban regeneration locations? by Alastair Adair, Jim Berry, Stanley McGreal, Joanna Poon, Norman Hutchison, Craig Watkins and Kenneth Gibb. In addition to this prize a number of other manuscript prizes were awarded to the authors of papers presented at the Helsinki Conference. The IPD prize for the best paper on Property Investment was awarded to Foort Hamelink and Martin Hoesli for their paper entitled ?The maximum drawdown as a risk measure: the role of real estate in the optimal portfolio revisited?; the Grosvenor prize for the best paper in International Comparative Research was awarded to Kim Hiang Liow, Joseph Ooi and Li Lin for their paper entitled ??The financial structure of real estate corporations: some international evidence?; the American Real Estate Society Foundation Prize was awarded to John Henneberry, Tony McGough and Fotis Mouzakis for their paper entitled ?Planning regimes and their impacts on local business rents and local and national output?; and the special Rembrand Best Paper Award for Customer Orientation in the Real Estate Industry was awarded to Deborah Levy and Christina Lee for their paper entitled ?Client switching behaviour in property services?. ERES over the last ten years has come a long way since its first conference, held at the University of Amsterdam in 1994 and the pre-conference meeting hosted by the University of Reading in 1993. What was originally a society with a strong membership base in the UK and The Netherlands has now evolved into a truly Pan-European organisation. The ERES conference in recent years is testament to this with strong organic growth in participation from many European countries, in particular, Germany, Finland, France, Spain, Poland and Italy. This has been a very positive development. The decade since the inception of ERES has also been a period of time in which the real estate world has undergone quite profound changes. In particular, the changes in the real estate business environment