185. Inflation proofing, the future of office space and the green building super cycle

TR Property Trust manager Marcus Phayre-Mudge talks us through how his portfolio has navigated the challenges of inflation and which sectors have benefitted best in this scenario. He also runs through the prospects for the office sector post Covid-19 and why we may well be set for a green building super cycle. He also explains why he sees greater potential for shopping centres in Europe over the UK and why he is bullish on the co-living sub-sector.
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Managed by Marcus Phayre-Mudge, the TR Property Trust has a lineage that dates back over 100 years. The portfolio invests in the shares of property companies of all sizes, typically within Europe and the UK. It will also have a small amount invested in physical property in the UK. Marcus looks for well-run businesses in sectors including retail, office, residential, industrial property and alternatives. It is an excellent long-term performer and has stood up well to the inflationary challenges we’ve faced recently.

What’s covered in this episode:

  • How the trust has managed to negate the threat of inflation
  • Why the Supermarket Income REIT has been resilient during inflationary times and why the healthcare sector has struggled
  • How the misty outlook for office space in cities has finally cleared and why the sector may not suffer as much as some previously thought.
  • The potential for a green building super cycle in core markets globally
  • Looking for buildings with “good bones” when it comes to green buildings and why private equity can underpin the listed property market
  • Why shopping centres in Europe are much more attractive to invest in than those in the UK
  • How the evolution of click & collect can benefit the retail warehousing sector
  • The growth of co-living as a sub-sector of the property market
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