The Nick Tyrrell Research Prize was established in 2011 by the Investment Property Forum, INREV and the Society of Property Researchers (SPR) to recognise and promote high quality applied research in the field of real estate investment.

The prize is in memory of the work and industry contribution of Nick Tyrrell, who sadly passed away in August 2010.   Nick was Head of Research and Strategy and a Managing Director in J.P. Morgan Asset Management’s European real estate division.   His research work was characterised by a combination of academic rigour, practical relevance and the encouragement of young researchers.

The response of the research community to the inaugural prize in 2012 was very encouraging with a large number of quality and diverse papers submitted by leading academics and practitioner researchers from around the world.   Over the last four years the number and diversity of submissions has expanded and the prize has established itself as an increasingly prestigious award.

Topics covered by prize winning papers include: the relationship between REIT and direct real estate returns (Hoesli & Oikarinen); analysis of pension fund investments in real estate (Andonov, Kok & Eichholtz); price discovery in UK unlisted real estate funds (Schneider); and the impact of international investment on real estate cap rates (McAllister & Nanda).

If you want to submit a paper for the 2016 prize, the deadline is the 31st of May 2016.   As with previous years, the Nick Tyrrell Research Prize will be awarded to a paper addressing any topic in real estate investment that, in the opinion of the Judges, combines both academic robustness and practical relevance.

For 2016, the sponsors have created an additional award, the Nick Tyrrell Under 35 Research Prize, to allow the Judges to recognise work by younger members of the research community.  This change reflects both the original aims of the Prize and the growing number of high quality papers submitted by younger researchers over the last four years.  In order to qualify for this new award all authors should be below the age of 35 on the closing date for submissions (i.e., the 31st of May 2016).

In addition to a cash prize of £2,000 (£1,000 for the under 35 award), the winners will receive publicity from the three sponsoring organisations and an opportunity to present their work at an industry seminar and, if required, assistance with journal submission.

As with previous years the sponsoring organisations have assembled a high profile and experienced panel of Judges from both academia and practice.  For 2016 the panel is chaired by Dr Paul McNamara, OBE (formerly Director of Research, M&G Real Estate).  The other judges are: Prof Dr Marc Franke (University of Amsterdam); Prof Dr Martin Hoesli (University of Geneva & University of Aberdeen)i; Nick Mansley (University of Cambridge); and Andrew Smith (Hearthstone Investments plc).

If you would like to submit a paper, or require further information on the Nick Tyrrell Research Prize, please do not hesitate to contact Dr. Paul Kennedy (via paul@pjkennedy.co.uk)  or Ms. Henri Vuong (via Henri.Vuong@INREV.org).

You can download the rules from Nick Tyrrell Research Prize Rules 2016