STAGE 2 FORWARD PURCHASE OPPORTUNITY

November 4, 2024 Chief Executive of the Greater Manchester Pension Fund (Officer) Approved View on council website
Full council record
Content

DETERMINED that in relation to the 3% allocation to
Greater Manchester Property Venture Fund, approved by Panel on 19 July 2024, for GMPF to enter into a
forward commitment agreement, to purchase a 114 unit BTR apartment
development in a town centre location for £19m.
Simultaneously, GMPF will enter into an agreement for a 25 year
lease over the built homes with a suitably experienced housing
provider.

Supporting Documents

Decision Notice.pdf

Details

OutcomeRecommendations Approved
Decision date4 Nov 2024