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Emerald Group Publishing Limited
Copyright © 2004, Emerald Group Publishing Limited
Welcome to another special issue in association with the European Real Estate Society [ERES]. This continues our tradition of publishing papers presented at the ERES annual conference in a special issue of the Journal of Property Investment & Finance.
The European Real Estate Society (ERES) was established in 1994 to create a structured and permanent network between real estate academics and professionals across Europe. ERES provides an open forum for the exchange of ideas and the dissemination of research relevant to applied decision making in real estate finance, economics, appraisal, investment and asset management. The European Real Estate Society is dedicated to promoting and advancing the field of real estate research throughout Europe. Incorporating many national property research societies, academic researchers and real estate practitioners, our annual conference and regular publications provide a forum for information flow and debate on research issues.
In this issue, we bring you three academic papers of the highest calibre. These papers reflect original research presented at the ERES 9th annual conference held in Glasgow, Scotland, June 4-7, 2002. The conference was jointly organized by the Universities of Glasgow and Aberdeen and held in association with the Royal Institution of Chartered Surveyors (RICS) Cutting Edge conference. Over 250 delegates attended the conference, with the programme featuring four plenary sessions and three expert panel sessions. Over 150 papers were presented in the paper sessions, with papers covering a wide range of topics in both commercial and residential property.
To commemorate the life of our previous editor, Gerald Brown, who sadly died in 2002, the annual award by Emerald for the best paper published in the special edition of the Journal of Property Investment & Finance devoted to the annual meeting of the European Real Estate Society has been renamed The Gerald Brown Award. The 2002 award has been won by Philip Booth and Gianluca Marcato from City University Business School, London, for their paper “The dependency between returns from direct real estate and returns from real estate shares”. Congratulations to Philip and Gianluca for their excellent contribution.
We very much hope that you find their contribution, and the other two ERES papers presented here, enjoyable, enlightening and thought provoking.
Nick FrenchThe University of Reading