REP Research Roundup: December

Real Estate & Planning Department News

MSc Real Estate/MSc Real Estate Finance Manchester Field Trip

Over 140 students from the department’s postgraduate programmes in Real Estate and Real Estate Finance recently participated in a three-day field trip to Manchester (October 31^st to November 2^nd). The group was hosted by the Manchester offices of CBRE and Savills and Manchester based investor-developer Burntwood. Students visited a range of projects including NOMA, Circle Square, Spinningfields/St Johns, Deansgate Square, Salford Quays/Media City and the Trafford Centre. The objective of the field trip program was to enhance the student’s commercial awareness and thus contribute to their wider personal and professional development. 

Rural Field Trip to Yattendon

Students from the MSc Real Estate were recently offered the opportunity for a tour of Yattendon Estate in West Berkshire, kindly hosted by the Managing Director, James Hole, and the Land Agent, Aisling O’Donovan. 

Many of the students were not familiar with rural land management and were surprised to see that the Estate, amounting to around 9500 acres, is actually a very diverse portfolio of assets. Although the majority of land is farmed in hand and around 25% of the Estate is mixed commercial woodland, the Estate also includes a large portfolio of residential property, including more or less the whole of Yattendon Village, and workspaces for a growing number of businesses with over 300 employees. Yattendon is one of the largest producers of Christmas trees in the UK and also owns two pubs, a farm shop, Yattendon Village Stores and Renegade Brewery, occupying a site converted from a dairy unit.

American Real Estate Society Inaugural Program Leadership Conference

Professor Eamonn D’Arcy and Associate Professor Jorn Van de Wetering participated in the Inaugural Program Leadership Conference of the American Real Estate Society (ARES), November 10^th-11^th hosted by the Knauss School of Business, University of San Diego. This inaugural event attracted representatives from a total of 48 real estate programmes. Reading was the only European Program represented. Over the two days participants focused their discussions on the infrastructure which supports successful real estate centres and programmes.  They shared experiences on topics such as engaging industry in curriculum design, benchmarking program outcomes and visibility, program and centre mission statements, effective fundraising, leveraging inputs from professional associations,  effective engagement with alumni and corporate donors, student recruitment and support, career services and effective career coaching. Professor D’Arcy was an invited panellist on the panel which focused on ‘Positioning real estate centres and programs for long-term success’.

Professor D’Arcy has served on the board of ARES since 2014 and participated in the ARES strategic retreat on the future direction of the society which followed the conference on November 12^th. 

Research Activities

Research Awards

External

Yi Wu - Successful Accelerated Knowledge Transfer to Innovate (AKT2I) project funded by UKRI, total amount: £22,976. 

Project start date: 14^th December, 2022.

Internal

The following projects have been funded by the RREF Seed Fund for research:

• Cheng Zheng: ‘The impact of impact investing’ - £3000

• Chris Foye and Lois Liao: ‘Examining private rented sector discrimination in gentrifying London - £2928

• Claudia Murry, Jose Zingoni and Luis Vergara: ‘Community Land Trust as an affordable housing solution for South America’ - £647.15

• Yi Wu and Masaki Mori: ‘Roles of Industry Experts’ media sentiment in the UK REITs ESG initiatives - £2877.4

The following projects have been funded by David Robins fund administered by RREF:

• Angelique Chettiparamb, Chris Maidment and Salvatore Siringo: ‘Co-creating a typology of civic societies’ - £2,700

• Mark Dobson and Gavin Parker: ‘Delivering Growth through Project Speed? Participant perspectives on speed and delay in planning’ - £2,800

Research Bids

Chris Foye – BA/Leverhulme Small Research Grant

• Title: Examining Private Rented Sector Discrimination in Gentrifying London

• Total bid £6,583; Amount to UoR £6,583

• Decision expected end March 2023

Yi Wu – BA/Leverhulme Small Research Grant

• Title: “Show me” from “Tell me”: Roles of industry experts’ media sentiment in the UK REITs ESG Initiatives

• Total bid £9,967; Amount to UoR £9,967

• Decision expected end March 2023

Publications

Newton-Fenner, A. , Tyson-Carr, J. , Roberts, H. , Henderson, J. , Hewitt, D. , Byrne, A. , Fallon, N. , Gu, Y. , Gorelkina, O. , Xie, Y. , Pantelous, A. , Giesbrecht, T. and Stancak, A. (2022) Bid outcome processing in Vickrey auctions: an ERP study. Psychophysiology, 59 (12). e14125. ISSN 0048-5772 doi: https://doi.org/10.1111/psyp.14125
ID: 108727

McAllister, P. , Shepherd, E. and Wyatt, P. (2022) State regulation of land financialisation: land promoters, planning risk and the land market in England. Housing Studies. ISSN 0267-3037 doi: https://doi.org/10.1080/02673037.2022.2149705 (In Press)
ID: 109034

Salter, K. , Parker, G. ORCID: https://orcid.org/0000-0003-3079-4377 and Wargent, M. (2022) Localism and the will to housing: neighbourhood development plans and their role in local housing site delivery in England. Planning Practice and Research. ISSN 1360-0583 doi: https://doi.org/10.1080/02697459.2022.2145032
ID: 108657

Wyatt, P. (2022) Property valuation, 3rd edition. Wiley, pp560. ISBN 9781119767411
ID: 108086

Sturzaker, J. , Blair, N. , Burnett, A. , Bygrave, A. , Cecil, J. , Copsey, S. , Gallent, N. , Hamiduddin, I.Harris, N. , Juntti, M. , Mabon, L. , Mell, I. , Parker, G. ORCID: https://orcid.org/0000-0003-3079-4377 and Scott, M. , (2022) Rural planning in the 2020s. Research papers. Report. Royal Town Planning Institute, London. pp40.
ID: 108132

Gu, Y. , Madio, L. and Reggiani, C. (2022) Data brokers co-opetition. Oxford Economic Papers, 74 (3). pp. 820-839. ISSN 0030-7653 doi: https://doi.org/10.1093/oep/gpab042
ID: 108166

Gu, Y. , Rasch, A. ORCID: https://orcid.org/0000-0001-9017-1898 and Wenzel, T. (2022) Consumer salience and quality provision in (un)regulated public service markets. Regional science and urban economics, 93. 103754. ISSN 0166-0462 doi: https://doi.org/10.1016/j.regsciurbeco.2021.103754
ID: 108165

Gu, Y. , Lord, A. , Eika, A. , Dethier, P. , Samsura, D. A. A. , Nordahl, B. I. , Sommervoll, D. E. , van der Krabben, E. and Halleux, J.-M. (2021) Fair shares? Advancing land economics through cooperative game theory. Land Use Policy, 106. 105400. ISSN 0264-8377 doi: https://doi.org/10.1016/j.landusepol.2021.105400
ID: 108167

Erol, I. ORCID: https://orcid.org/0000-0001-8125-9118 and Unal, U. ORCID: https://orcid.org/0000-0002-1282-5427 (2022) Internal migration and house prices in Australia. Regional Studies. ISSN 1360-0591 doi: https://doi.org/10.1080/00343404.2022.2106363
ID: 107273

PhD student activity

In parallel to the Program Leadership Conference the ARES Fall Research Symposium took place. At this Reading PhD student Rohit Bajaj presented his research paper entitled ‘Higher risk driven by less overconfident behaviour: women on REIT boards’. The paper and its findings were well received.  

Written by Angelique Chettiparamb