GVA retains £300m GM Pension Fund property mandate

COMMERCIAL  property consultancy, GVA, has retained the mandate to manage the Greater Manchester Property Venture Fund’s  £300m investment allocation.

After a competitive process GVA has been reappointed on a further seven year contract to advise the fund on the development, investment, management and leasing of its current portfolio and to seek new opportunities to generate employment and contribute to the overall regeneration of economies in the city region

Cllr Kieran Quinn, executive leader of Tameside Council and chair of GMPF (Greater Manchester Pension Fund), said: “We are pleased to continue the relationship with GVA as the investment managers for GMPVF following a close competitive selection process. The £300m allocation can make a significant development  impact in the area whilst making commercial returns for the Fund and we look forward to GVA successfully meeting our objectives.”

Working public and private sectors GVA will target the £300m allocated investment on a full range of projects, ranging from small developments to major strategic regional projects such as Airport City and One St. Peter’s Square.

Mark Rawstron, regional senior director of GVA, added:”We’re delighted to have retained this mandate which is a leading development force for the North West. This plays to GVA’s strengths, with our excellent regional relationships and market knowledge and we are confident to ensure a successful and progressive venture with GMPVF.”