Diversification benefits in the Finnish commercial property market

References

• Addae‐Dapaah , K. and Yong , G.L. 1998 . Currency risk and office investment in Asia Pacific . Real Estate Finance , 15 (3) : 67 – 85 .
   Google Scholar
• Addae‐Dapaah , K. and Yong , C.C. 2000 . Diversification of real estate investment in the Asia‐Pacific region . Pacific Rim Property Research Journal , 6 (2) : 31 – 45 .
   Google Scholar
• Black , F. and Litterman , R. 1992 . Global portfolio optimization . Financial Analysts Journal , 48 (5) : 28 – 43 .
   Google Scholar
• Diaz , J. III and Wolverton , M.L. 1998 . A longitudinal examination of the appraisal smoothing hypothesis . Real Estate Economics , 26 (2) : 349 – 358 .
   Web of Science ®Google Scholar
• Case , B. , Goetzmann , W. and Rouwenhorst , K.G. 1999 . Global real estate markets, cycles and fundamentals , Working Paper No. 99–03 Yale International Center for Finance .
   Google Scholar
• Catella . autumn 2005 . Market Review , autumn , Catella Property Oy. . 2005
   Google Scholar
• Catella . spring 2008a . Market Review , spring , Catella Property Oy. . 2008
   Google Scholar
• Catella . autumn 2008b . Market Review , autumn , Catella Property Oy. . 2008
   Google Scholar
• Geltner , D. 1989 . Estimating real estate's systematic risk from aggregate level appraisal‐based returns . Journal of the American Real Estate and Urban Economics Association , 17 (4) : 463 – 481 .
   Web of Science ®Google Scholar
• Geltner , D. 1993 . Estimating market values from appraised values without assuming an efficient market . Journal of Real Estate Research , 8 (3) : 325 – 345 .
   Google Scholar
• Gordon , J. 1991 . The diversification potential of international property investments . Real Estate Finance Journal , 7 (2) : 42 – 48 .
   Google Scholar
• Hoesli , M. , Lekander , J. and Witkiewicz , W. 2004 . International evidence on real estate as a portfolio diversifier . Journal of Real Estate Research , 26 (2) : 161 – 206 .
   Google Scholar
• Hudson‐Wilson , S. and Stimpson , J. 1996 . Adding US real estate to a Canadian portfolio: does it help? . Real Estate Finance , 12 (4) : 66 – 78 .
   Google Scholar
• Jin , C. , Grissom , T.V. and Ziobrowski , A.J. 2007 . The mixed asset portfolio for Asia‐Pasific markets . Journal of Real Estate Portfolio Management , 13 (3) : 249 – 256 .
   Google Scholar
• Jones Lang Lasalle . 2007 . European Capital Market Bulletin 2007 , Jones Lang Lasalle .
   Google Scholar
• KTI . 2008 . The Finnish Property Market 2008 , KTI Finland .
   Google Scholar
• Lim , L.C. , McGreal , S. and Webb , J.R. 2008 . Institutional benchmarks for international real estate investment . Journal of Real Estate Portfolio Management , 14 (2) : 93 – 104 .
   Google Scholar
• Markowitz , H.M. 1952 . Portfolio selection . The Journal of Finance , 7 (1) : 77 – 91 .
   Web of Science ®Google Scholar
• McAllister , P. 1999 . Globalization, integration and commercial property: Evidence from the UK . Journal of Property Investment and Finance , 17 (1) : 8 – 26 .
   Google Scholar
• Newell , G. and Worzala , E. 1995 . The role of international property in investment portfolios . Journal of Property Finance , 6 (1) : 55 – 63 .
   Google Scholar
• Seiler , M.J. , Webb , J.R. and Myer , F.C.N. 1999 . Diversification issues in real estate investment . Journal of Real Estate Literature , 7 (2) : 163 – 179 .
   Google Scholar
• Worzala , E. 1994 . Overseas property investments: How are they perceived by the institutional investor? . Journal of Property Valuation and Investment , 12 (3) : 31 – 47 .
   Google Scholar
• Worzala , E. and Newell , G. 1997 . International real estate: A review of strategic investment issues . Journal of Real Estate Portfolio Management , 3 (2) : 87 – 96 .
   Google Scholar
• Worzala , E. 1992 . International direct real estate investments as alternative portfolio assets for institutional investors: an evaluation , University of Wisconsin‐Madison . Unpublished dissertation
   Google Scholar
• Wurtzebach , C. 1991 . Looking at non‐U.S. real estate . Real Estate Review , 21 (1) : 48 – 54 .
   Google Scholar