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DETERMINED in relation to the 3% allocation to
Greater Manchester Property Venture Fund, approved by Panel on 19 July 2024, to approve the disposal of an
industrial investment asset held within the Property Venture Fund
for a minimum purchase price of £36m. 
 

Reasons for the decision

The GMPVF allocation which was approved by Panel in
July 2024 has a strategy to invest in assets across the Greater
Manchester and wider Northern Pool region to deliver commercial
returns whilst also contributing to the local economy.
This
recommended disposal is in line with the agreed investment
strategy.