Michael Philips, president of US-based fund manager Jamestown, shares the firm’s plans for 2019, managing relationships between property and technology, the difference between the US and European markets, Brexit, and what technology excites him the most.
‘The real estate industry has a very low threshold for failure’
‘I’m addicted to Instagram, these social media network apps for the building space are really great’
‘There is only one Great Britain, and there’s certainly only one London’
Established in 1983, Jamestown has approximately $10.3bn assets under management throughout North and South America, and Europe.
In his 11 years at Jamestown, Phillips has acted as the force behind the company’s reuse products including New York’s famous Chelsea Market which was sold to Google in 2018, Ponce City Market in Atlanta, Industry City in Brooklyn, and Ghirardelli Square in San Francisco.
Michael Phillips was attending MIPIM PropTech Europe in Paris at the time of the interview.