Recent years have seen property funds give increased attention to the emerging property sectors as a potential source of enhanced returns. In particular, leisure property has figured prominently, including a diverse range of leisure/entertainment property types such as pubs, theme parks, marinas, bowling centres, theatres and tourist parks. The purpose of this paper is to assess the significance of leisure property in a portfolio. The risk-adjusted performance analysis and portfolio diversification benefits of leisure property in Australia over 2000-2006 will be assessed; benchmarked against the performance of the other major asset classes. The strategic investment issues for leisure property will also be identified.
Newell, Graeme, and Hsu Wen Peng. "The Role of Leisure Property in Portfolios." In 14th Annual European Real Estate Society Conference. ERES: Conference. London, UK, 2007.
Section: Session H3: Investment in Residential & Leisure Properties