INREV, IPF and SPR award second Nick Tyrell research prize
Real estate industry associations INREV, IPF and SPR have awarded the second Nick Tyrrell research prize to Aleksander Andanov, Nils Kok and Piet Eichholtz’s paper “A Global Perspective on Pension Fund Investments in Real Estate”.
Robin Goodchild, chair of the judging panel, says: “The paper provides an innovative and thoughtful examination of the performance of pension funds’ real estate investments over the period 1990 to 2009. In addition to highlighting the wealth of information available from an international dataset seldom utilised by real estate researchers, the paper provides a range of valuable insights into performance, including the impact of portfolio size and internal management. It also highlights some fascinating national differences.”
The three real estate associations established the Nick Tyrrell Research Prize in 2011 to acknowledge innovative and high-quality applied research in real estate investment and to commemorate Tyrrell’s major contribution to thought leadership in the industry. The prize is funded by the Nick Tyrrell Memorial Fund and was first launched at a memorial event for Tyrrell in October 2011 in London.
The second round of submissions resulted in 16 research papers from around the globe. The prize is open to academic researchers as well as practitioners and focuses on the application of academic excellence to practical problems in real estate investment. In addition to a cash prize of GBP2,000, winners are invited to present at a high-profile industry seminar.
The judging panel comprised Dr Robin Goodchild (LaSalle Investment PAGE Management), Professor Colin Lizieri (University of Cambridge), Dr Brenna O’Roarty (RHL Strategic Solutions) and Dr Neil Turner (Schroders). The winners of the prize will be announced at the second Nick Tyrrell Seminar which will take place later today in Central London.
INREV, IPF and the SPR are seeking submissions on an annual basis. The next deadline for submissions is 30 May 2014.