Help from abroad

Prize-winning research looks at the effect of cross-border investment on office yields

In September 2015 the fourth annual Nick Tyrell Research Prize - jointly sponsored by INREV, the Investment Property Forum and the Society of Property Researchers - was awarded to Pat McAllister and Anupam Nanda of the Henley Business School, at the University of Reading. Their paper: ‘Do Foreign Buyers Compress Office Real Estate Cap Rates?’, summarised here, found that overseas investors had a significant effect in pushing down office yields in major cities.