Staff Profile:Professor Patrick McAllister

Name:

Professor Patrick McAllister

Job Title:

Professor of Real Estate Appraisal

Responsibilities:

Professor of Real Estate Appraisal; Programme Director for Flexible MSc courses; Package Director for Commercial Real Estate Appraisal and Asset Management

Areas of Interest:

Real estate pricing and appraisal, European integration and international property investment, real estate development, environmental certification and real estate pricing

Research groups / Centres:

Centre for Real Estate Research

Publications:

Crosby, N., McAllister, P. and Wyatt, P. Fit For Planning?  An Evaluation of the Application of Development Viability Appraisal in the UK, Environment and Planning B, in press.

Byrne, P., McAllister, P. and Wyatt, P. (2011) Precisely Wrong or Roughly Right? An Evaluation of Development Viability Appraisal Models, Journal of Financial Management in Property and Construction, 16, 3, 249-271.

 Fuerst, F. and McAllister, P. (2011) The Impact of Energy Performance Certificates on the Rental and Capital Values of Commercial Property Assets:  Some Preliminary Evidence from the UK, Energy Policy, 39, 6608-6614.

Fuerst, F., McAllister,P., van de Wetering, J. and Wyatt, P. (2011) Measuring the financial performance of green buildings in the UK commercial property market: Addressing the data issues. Journal of Financial Management of Property and Construction . 16/2, 163 - 185

Fuerst, F., McAllister, P. (2011): Eco-Labeling, Rents, Sales Prices and Occupancy Rates: Do LEED and Energy Star Labeled Offices Obtain Multiple Premiums? Ecological Economics. 70/6, 1220-1230.

Fuerst, F. McAllister, P. and Murray, C. (2011) Designer Office Buildings: An Evaluation of the Price Impacts of Signature Architects. Environment and Planning A, 43. 1, 166-184.

Fuerst, F. and McAllister, P. (2010) Green Noise or Green Value: Measuring the Price Effects of Environmental Certification in Commercial Buildings, Real Estate Economics, 39, 1, 46-69.

Crosby, N., Lizieri, C. and McAllister, P. (2010) Means, Motive and Opportunity: Disentangling the Effects of Client Influence of Periodic Performance Measurement Appraisals, Journal of Property Research, 27, 181 - 201.

Fuerst, F. and McAllister, P. (2010) Supply Elasticities and Development Oscillations: A study of European Office Markets, Journal of European Real Estate Research, 3, 5-23.

Fuerst, F. and McAllister, P. (2009) An Investigation of the Effects of Eco-Labelling on Office Occupancy Rates, Journal of Sustainable Real Estate, 1, 1, 49-64.

Ling, D., Marcato, G. and McAllister, P. (2009) The Dynamics of Asset Prices, Capital Flows, and Transaction Activity in Illiquid, Informationally Inefficient, Commercial Real Estate Markets, Journal of Real Estate Finance and Economics, 39, 3, 359-383.

McAllister, P. (2009) Assessing the valuation implications of the eco-labelling of commercial property assets, Journal of Retail and Leisure Property, 8, 4, 311-322.

(2009) Editor of Special Edition of Journal of Retail and Leisure Property "Sustainable Property: Building the Research Base", Volume 8, Number 9, 239-322.

McAllister; P. Hughes, C. and Gallimore, P. (2008) Principal-agent Issues in Asset Acquisition: UK Institutions and their Investment Agents, Journal of Property Research, 25, 4, 269-283.

McAllister, P. Newell, G. and Maysiak, G. (2008) Agreement and Accuracy in Consensus Forecasts of the UK Commercial Property Market, Journal of Property Research, 25,1, 1-22.

Bond, S., Loizou, P. and McAllister, P. Lease Maturity and Initial Rent: Is There a Term Structure for UK Commercial Property Leases?, Journal of Real Estate Finance and Economics, 2008, 36(4) 451-469.

McAllister, P. and Lizieri, C (2006)Monetary integration and real estate markets: the impact of the Euro on European real estate equities, Journal of Property Research, 23, 4, 289-303.

Kutsch, N. McAllister, P. and Newell, G. Private Property Vehicles: The Valuation of Limited Partnerships. RICS Research Paper Series, London: Royal Institution of Chartered Surveyors, 2006, 33pp.

Dixon, T., Thompson, R., McAllister, P., Marston, A. and Snow, J. Real Estate and the New Economy: The Impact of Information and Communications Technology. Oxford: Blackwell, 2005, 440pp.

Gallimore, P. and McAllister, P. Judgement and Quantitative Forecasts in Commercial Property Investment. RICS Research Paper Series 5(11), London: Royal Institution of Charted Surveyors, 2005, 31pp.

Gallimore, P. and McAllister, P. Expert Judgement in the Processes of Commercial Property Market Forecasting. Journal of Property Research, 21(4), 2005, 337-360.

Turner, N., Cullen, I., Marsh, J., Ward, C. and McAllister, P. Investment Performance and Lease Structure Change in the UK: Research Findings. London: Investment Property Forum, 2005, 78pp.

Bond, S., Crosby, N., Hwang, S., Key, T., Lizieri, C., Matysiak, G., McAllister, P. and Ward, C. Liquidity in Commercial Property Markets, Final Report. London: Investment Property Forum, 2004, 116pp.

McAllister, P., Baum, A., Crosby, N., Gallimore, P. and Gray, A. Appraiser Behaviour and Appraisal Smoothing: Some Qualitative and Quantitative Evidence. Journal of Property Research, 20(3), 2004, 261-280.

Newell, G., McAllister, P. and Worzala, E. Property Research Priorities in the UK. Journal of Property Investment and Finance, 22(3), 2004, 269-282.

Newell, G., Worzala, E., McAllister, P. and Schulte, K-W. An International Perspective on Real Estate Research Priorities. Journal of Real Estate Portfolio Management, 10(3), 2004, 161-170.

Lizieri, C. McAllister, P. and Ward C. Continental Shift? An Analysis of Convergence Trends in European Real Estate Equities. Journal of Real Estate Research, 23(1), 2003 1-23.

Qualifications:

BA Kent; MPhil Reading; MPhil Cambridge; Professional Associate of the Royal Institution of Chartered Surveyors; PhD Reading

Affiliations:

• Member of Society of Property Researchers
• Member of the Investment Property Forum