Purpose

The Pension Fund proposes to award a contract
for strategic property advice and management of its Direct Property
Portfolio. The procurement has been undertaken using a Property
Management Framework hosted by Northern LGPS.

Decision

Resolved –
That
 
(1) 
the procurement process, utilising the Northern LGPS Framework
Lot 2 – UK Property Advisory Mandate, as outlined within the
report, be endorsed; and
 
(2) 
the appointment of CBRE Limited as strategic property advisors
to the Merseyside Pension Fund be approved.