URL: https://democracy.manchester.gov.uk/ieDecisionDetails.aspx?ID=1043

Decision Maker: Executive

Outcome: Recommendations Approved

Is Key Decision?: Yes

Is Callable In?: Yes

Purpose: To agree the final commercial arrangements of the long-term joint investment partner to deliver new housing in the city.

Content: To agree the final commercial arrangements of the long-term joint investment partner to deliver new housing in the city. The Executive:-   (1)        Approve the commercial, financial, legal and structural arrangements to enable the completion and ongoing management of the No.1 Ancoats Green development.   (2)        Approve the formation of a Joint Venture with Greater Manchester Pension Fund in accordance with the terms outlined in the report   (3)        Delegate authority to the City Treasurer and Strategic Director (Growth and Development), in consultation with the Executive Member for Finance and Resources and the Executive Member for Housing and Development, to finalise all the necessary commercial, financial, legal and structural arrangements to establish and operate the vehicles and/or partnerships to facilitate the recommendations above.   (4)        Note the progress made in the development of Postal Street and the commercial proposals to dispose of the land to the Joint Venture and to delegate authority to the Director of Development in consultation with the Executive Member for Corporate Property to negotiate the final commercial, financial and legal terms   (5)        Authorise the City Solicitor to enter into all necessary legal arrangements to give effect to the recommendations and details of arrangements as more particularly set out in the report

Date of Decision: July 4, 2025