MIPIM 2017: The market is “late cycle” says TH Real Estate

MIPIM 2017: The market is “late cycle” Chris McGibbon, head of Americas at TH Real Estate and as a result the fund manager is going to focus further on defensive debt investing.

In an interview with Mike Sales, head of Europe and Asia McGibbon said:

“Clearly it feels like we are late in the cycle. When you look at the North American market, to be six years in a row producing a double digit total return in a core property market, you’d say we’re pretty late in the game.