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Nick Tyrrell winner announced | Join webinar on 9 December

Together with the Investment Property Forum (IPF) and the Society of Property Researchers (SPR) – co-sponsors of the Nick Tyrrell Research Prize –we are pleased to announce the 2021 winning research paper, awarding the prize to joint authors Franz Fuerst, Nick Mansley and Zilong Wang of the Department of Land Economy, University of Cambridge for their submission, ‘Do Specialist Funds Outperform? Evidence from European Non-listed Funds’

The paper explores the extent to which specialisation can lead to outperformance for European non-listed real estate funds. Based on an analysis of the performance of 592 funds over nearly two decades between 2001 and 2019, the research concludes that both country specialisation and a combination of a country and sector specialisation are indeed associated with superior performance, but that sector specialisation alone is not.

The winning abstract and full press release are available to download below, and those who would like to view the full paper can find it at Science Direct

Webinar on 9 December 

A webinar will take place on 9 December 2021 at 11:00 CET when the authors will present their research.


Submit your entry for the 2022 prize 

The deadline for the 2022 Prize will be 31 May 2022. All submissions should be made through the secretariat for the prize, which is managed by Dr Paul Kennedy and Iryna Pylypchuk at nicktyrrellprize@inrev.org

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