Property's discount is not only virtual

Article Abstract:

UK investors have lost interest in the property sector, turning instead to new technology firms. On average, the share prices of quoted property companies have dropped to 40% below their net asset values. This trend is affecting both small and large property firms. Some observers believe that investors will return to property once they become disillusioned with new technology firms. However, others feel that, for many property companies, the low rating is justified. Research undertaken at CSFB indicates that most property firms do not earn enough to cover their cost of capital. They are therefore destroying shareholder value, rather than adding it.

Author: Catalano, Alex
Real Estate, Real Estate and Rental and Leasing, Evaluation, Column, Real estate industry, Investments, Securities

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Grosvenor Estate

Article Abstract:

The Grosvenor Estate, London, England is described with emphasis on its history and its future. The original estate covering some of the world's most expensive real estate has allowed the company to expand and invest in information technology.

Author: Catalano, Alex
Economic aspects, London, England, Real property

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Subjects list: Real estate
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