Colliers gets valuer role on £330m of assets

PROPERTY company Colliers International has been appointed as main external valuer for Greater Manchester Pension Fund’s Direct Property Portfolio, incorporating 50 assets throughout the UK on a five-year instruction with a current value of more than £330m.

GMPF, which is administered by Tameside Metropolitan Borough Council, is the UK’s largest local authority pension fund serving all of the Greater Manchester local authorities and other admitted organisations. As at year end 2014, GMPF is valued at £17.5billion

Paul Willis, Colliers International valuation and advisory services director Paul Willis said: “We are thrilled to be instructed on GMPF’s direct property portfolio, which extends across the North West as well as the rest of the UK and incorporates a diversified mixture of commercial property assets.”