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DETERMINED that Officers appointed as Directors to a
GMPVF Investment Joint Venture, to vote in favour of the JV taking
up £38m of Later Stage Development Debt, to part-refinance
the JV partners in a recently completed city centre office
development and for the JV to meet up to £200k of due
diligence costs of the proposed lender.
GMPF
has provided indicative terms for the debt facility, which are
acceptable to the non GMPF JV partner, but any loan provided will
be subject to further due diligence and an Executive Decision,
following a Stage 2 Recommendation Report by CBRE.