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That approval be
given for the 3% allocation to Greater Manchester Property Venture
Fund, approved by Panel on 11 July 2025, to approve the disposal of
a real estate site industrial investment asset held within the
Property Venture Fund for £40m. 

 

Reasons for the decision

The GMPVF allocation, which was
approved by Panel in July 2025 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. 

Alternative options considered

The Local Investments team review
the composition of the GMPVF portfolio on a regular basis in
conjunction with the retained Real Estate
advisor.  Other disposal opportunities have been assessed
but not progressed at this stage.