Editorial

Citation

McGreal, S. (2010), "Editorial", Journal of European Real Estate Research, Vol. 3 No. 2. https://doi.org/10.1108/jerer.2010.35903baa.001

Editorial

Article Type: Editorial From: Journal of European Real Estate Research, Volume 3, Issue 2

It has become practice that the second issue of each volume of the Journal of European Real Estate Research (JERER) publishes our prize winning papers. In this issue, we are pleased to publish four papers delivered at the Stockholm Conference of the European Real Estate Society in June 2009 hosted by the Royal Institute of Technology Stockholm (KTH) and adjudged to be the best papers in their field.

The Emerald Gerald Brown Memorial Prize for the best paper on Real Estate Markets and Forecasting has been awarded to A.M. Parhizgari and Ivelina Pavlova from the US for their paper titled “The boom and the lean times in global REITS: the 2000-2008 period”. This paper considers investment strategies in the real estate sector and identifies the optimum momentum strategies that provide the maximum returns in REIT markets.

The IPD Prize for the best paper on Real Estate Investment was adjudged to be the paper by Ilkka Tomperi from Finland for the paper titled the “Performance of private equity real estate funds”. The paper explores persistency in the performance of real estate funds and how the growth in fund size affects the realised returns.

The ANEVAR award for the best paper in development goes to a team from the University of Ulster, Terry V. Grissom, James N. Berry and Lay Cheng J. Lim, for their paper on the “Economics of development: integrating land economics and portfolio analytics”. This paper integrates land use and option pricing theories using case study analyses to compare a portfolio of uses comprising single and mixed use development on the same site and assesses the effects on the risk-return profile of potential development schemes.

The RICS award for the best paper on housing is a joint paper between Scotland and Australia and was awarded to Kath Hulse, Colin Jones and Hal Pawson for their paper on “Tenurial ‘competition’”, tenure dynamics and the private rented sector: an international reappraisal. This paper examines the changing role of the private renting relative to other tenures in a number of European countries and in Australia.

The quality of these award winning papers reflects the standard and diversity of papers delivered annually at the ERES conference. The Editorial Advisory Board of JERER looks forward to receiving papers delivered at the 2010 Milan conference for potential publication in the journal, in addition to the prize-winning papers.

In terms of the development of the journal, it is my pleasure to report that JERER has been ranked as a Group 2 (good) journal in the recent journals list from ESSEC Business School. This is a considerable achievement for such a new journal and places JERER alongside other equivalent journals of significantly longer standing. This rating underpins the impact that the journal, into its third volume, is making and in this respect our gratitude goes to the authors of papers and all members of the journal’s Editorial Board for their continued support.

Stanley McGreal