Title page for ETD etd-04232010-131516


Document Type Master's Dissertation
Author Buchner, Glen
URN etd-04232010-131516
Document Title Methodologies used by property fund managers to evaluate investment decisions
Degree MBA
Department Gordon Institute of Business Science
Supervisor
Advisor Name Title
Mr M Holland Supervisor
Keywords
  • decision making
  • capital investment
Date 2009-04-14
Availability unrestricted
Abstract

Commercial listed property is a complex, yet potentially lucrative asset class to invest in. South Africa’s property index delivered average returns of 34% for 2006/7 and was rated best performer internationally. While many of the funds in the sector as still forecasting excellent yields, some are struggling to survive in the current, difficult economic environment.

The main objective of this study was to enter the realm of the property fund manager in order to gain a better understanding of the underlying assets, the macro-economic challenges, portfolio risks and investment valuation criteria.

A qualitative research study was done with decision makers within the listed property environment using investment case studies covering the retail, office, industrial and hotel sectors.

The results of the research were developed into a framework providing insight into the investment valuation process and portfolio strategies employed by some of the leading funds and which can be used as a decision-model for potential investors.

© 2008 University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. No part of this work may be reproduced or transmitted in any form or by any means, without the prior written permission of the University of Pretoria.

Please cite as follows:

Buchner, G 2008, Methodologies used by property fund managers to evaluate investment decisions, MBA dissertation, University of Pretoria, Pretoria, viewed yymmdd < http://upetd.up.ac.za/thesis/available/etd-04232010-131516/ >

G10/326/ag

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