The Role of Leisure Property in Portfolios

Graeme Newell and Hsu Wen Peng

ERES from European Real Estate Society (ERES)

Abstract: Recent years have seen property funds give increased attention to the emerging property sectors as a potential source of enhanced returns. In particular, leisure property has figured prominently, including a diverse range of leisure/entertainment property types such as pubs, theme parks, marinas, bowling centres, theatres and tourist parks. The purpose of this paper is to assess the significance of leisure property in a portfolio. The risk-adjusted performance analysis and portfolio diversification benefits of leisure property in Australia over 2000-2006 will be assessed; benchmarked against the performance of the other major asset classes. The strategic investment issues for leisure property will also be identified.

JEL-codes: R3 (search for similar items in EconPapers)
Date: 2007-01-01
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Persistent link: https://EconPapers.repec.org/RePEc:arz:wpaper:eres2007_351

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