Global REITS playing the consumer recovery

M&G's Tiltman is backing "the Carnaby street of tomorrow" in her REIT securities fund in a bid to tap the emerging consumer.

Gillian Tiltman has taken a position in Brazillian REIT BR Malls in her M&G Global Real Estate Securities fund, since the company has established an estate of shopping centres dotted around the country - including a top tier "Carnaby Street" in Rio de Janiero. "They are creating a prime brand. Brazil is a very interesting place for retail and BR Mall are doing it well because they are creating scale," she said. Speaking at Incisive Media's Senate event in Monte Carlo, Tiltman explained that Brazil can be a tricky market for global retailers to enter. Its hot weather means US and European...