TY - CONF T1 - The valuation of fractional interest in private property vehicles T2 - 11th European Real Estate Society Conference Y1 - 2004 A1 - Kutsch, Nina AB - Investments in commercial property in the UK have experienced a considerable downturn since the 1980s. Large institutions have lowered their percentage allocation in real estate and increased their share in equities. However, a reversion of this trend has been started through the downturn of the equity markets in the late 1990s. Since then an increased investment activity can be observed in the property markets again, whereby the trend seems to go towards indirect property investment instead of direct property ownership. (Consultation paper of the HM Treasury, 2004). JA - 11th European Real Estate Society Conference T3 - ERES: Conference CY - Milano, Italy U3 - RePEc:arz:wpaper:eres2004_173 J1 - Conference 2004 ID - oai:eres.id:eres2004_173 M3 - 10.15396/eres2004_173 ER -