Research and publications

Real Estate Indexing and the EDHEC IEIF Commercial Property (France) Index

This paper serves as background literature to the new index and outlines its features and characteristics. First, the importance and the specific characteristics of the real estate market as well as the available real estate investment vehicles are presented. Second, the challenges and problems involved in real estate indexing are discussed. Third, the French real estate market, as the market underlying the index, is described. Fourth, the construction methodology of and the rationale for the EDHEC IEIF Commercial Property (France) Index are discussed in more detail. Fifth and last, this paper provides a set of empirical tests of the properties of the index.

Author(s):

EDHEC-Risk

Summary:

This paper serves as background literature to the new index and outlines its features and characteristics. First, the importance and the specific characteristics of the real estate market as well as the available real estate investment vehicles are presented. Second, the challenges and problems involved in real estate indexing are discussed. Third, the French real estate market, as the market underlying the index, is described. Fourth, the construction methodology of and the rationale for the EDHEC IEIF Commercial Property (France) Index are discussed in more detail. Fifth and last, this paper provides a set of empirical tests of the properties of the index.

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Type :	EDHEC Publication
Date :	02/11/2009
Keywords :	Indices

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Marking the priority assigned by the School to sustainability issues and building on its research programmes exploring the relationships between climate change and finance, EDHEC-Risk Institute became EDHEC-Risk Climate Impact Institute in October 2022. The Institute's mission is to help private and public decision-makers manage climate-related financial risks and make the best use of the financial tools available to transition to low-emission and climate-resilient economies. The Institute’s research programmes explore the relationships between climate change and finance and our key ambition is to become a leading academic reference point for long-term investors, helping them to manage the asset-pricing implications of climate change as well as mitigation and adaptation efforts.