Purpose

The Fund’s allocation to ‘Overseas’
property has been in place for a number of years and
was re-confirmed as part of the presentation made to Policy and
Development Working Group in June 2025.
 
Following a thorough market review and due diligence
process undertaken by the in-house property team, which is
documented by way of an Investment Report and cross referenced to a
standardised checklist used by the Overseas Property Investments
Team, this report seeks approval for GMPF to progress with the
proposed commitment to a newly established Nordic, diversified,
close-ended, value-add property fund.
 
The Executive Decision Report
includes an analysis of the required pacing of commitments
necessary to meet the target allocation within a reasonable and
sensible timeframe, whilst also prescribing appropriate
diversification targets on the portfolio. 

Content

To APPROVE an investment of
EUR €50 million (circa
GBP £43 million) into a value-add Nordic property
fund.