This article first appeared in the print edition of City A.M..
Marcus Phayre-Mudge, fund manager of TR Property, sat down with City AM editor Rupert Hargreaves to discuss the trust’s annual results and the overall outlook for the real estate sector.
“There’s going to be a lot “more M&A” in the real estate sector, according to Marcus Phayre-Mudge, fund manager of TR Property, the £1.1bn real estate-focused investment trust.
The fund manager told City A.M. that the “low-hanging fruit” in the sector had been taken out, but “there’s more to come” as companies, especially smaller real estate investment trusts, are forced to merge.”
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