Acquisition and disposal of corporate real estate: some UK evidence

In: Journal of Property Finance, Volume 6, Issue 4, p. 19-32

Abstract

Examines property acquisition/disposal decisions of UK retailers
within the context of the financial objectives of the firm. Contrasts
the financial structure of a "net property disinvestor" with
that of a "net property acquirer" using both univariate
tests and logistic regression modelling. Evidence is consistent with the
growing emphasis that real‐estate strategies (which include acquisition
and disposal decisions) should be evaluated at the strategic level of a
non‐property company.