The IPF welcomes research proposals from those looking to undertake research in Real Estate Investment. The Research Programme aims to address 'industry issues' and, in doing so, support the wider objectives of the Forum to enhance the knowledge, understanding and efficiency of property as an investment. Research proposals are considered by the IPF Research Steering Group, a committee of industry practitioners with a wealth of experience in both research and practice.
The types of research ideas that the IPF will consider taking forward will be those that meet the IPF's overall aims to enhance the knowledge and understanding of property as an investment asset class (both to property professionals, and to those outside property), or that supports or develops: new or improves existing forms of real estate investment; improvements in the functioning of the property investment market in the UK; or the activities of the IPF. Preference will be given to proposals that: improve the functioning and efficiency of the market; ensure property receives a fair hearing with investment asset allocators; or provide a sound empirical platform for initiating and informing debate at the highest levels of government.
In terms of research themes, specific areas of interest comprise:
- Asset allocation
- Portfolio selection
- Asset management
Additionally, the Research Programme seeks to support five issues of concern identified by the IPF membership, being to enhance the understanding of:
- How property is financed and funded
- The impact of regulation and legislation
- Internationalisation of real estate
- Residential property investment
Proposals that clearly specify how the findings of such research are to be disseminated and, where applicable, how researchers will engage with industry practitioners to encourage the adoption of new approaches will be looked on with greater favour.IPF Research Programme 2015-18 research submission guidelines
If you would like to discuss a potential research proposal prior to submission, please contact Pam Craddock, IPF Research Director.
The Changing Sources of Real Estate Debt Capital Flows: Facts & Implications
A research team comprising Hans Vrensen, Nicole Lux and CBRE has been appointed to undertake this research, the findings of which should be available in Q4 2016.
An Investigation of Hurdle Rates in the Real Estate Investment Process
When deciding on investment and development decisions, financial theory suggests that firms should utilise hurdle rates as a key part of the decision-making process. However, current survey evidence indicates that market practice differs from theory, particularly in real estate markets.
The IPF has commissioned the Universities of Cambridge and Aberdeen to investigate whether firms and funds still use hurdle rates when making investment decisions and, if so, how they determine these when selecting and/or retaining real estate investments? What key inputs are used (for example, the firm’s cost of capital) to build up the hurdle rate and, in addition, what adjustments are made to reflect the risk of a particular type of property? How do these inputs vary across geographies and do different types of investors adopt different approaches? If hurdle rates do not form a core part of a firm’s investment process, what other parameters are used instead?
The IPF is interested in the formal processes and decision rules employed by firms and funds around the investment process and the inclusion of hurdle rates. To gain the widest possible perspective, members are encouraged to contact the research team through firstname.lastname@example.org and participate in this study via an interview, survey and/or focus group.
It is recommended that you visit this page at regular intervals, as details of new research tenders will be posted here, as well as in the IPF eNews.