Decision
Analysis
outcome: The recommendations for the disposal were approved.
summary: The decision involves the disposal of an industrial investment asset within the Greater Manchester Property Venture Fund for a minimum purchase price of £36m.
topline: The Chief Executive of the Greater Manchester Pension Fund has decided to approve the disposal of an industrial investment asset within the Property Venture Fund for a minimum purchase price of £36m.
reason_contentious: This issue may be contentious as it involves the allocation of funds and the potential impact on the local economy.
affected_stakeholders: ["Chief Executive of the Greater Manchester Pension Fund", "Panel members", "Investors in the Property Venture Fund", "Local businesses and economy"]
contentiousness_score: 6
political_party_relevance: There are no mentions or implications of political parties or political influence on the decision.
URL: https://tameside.moderngov.co.uk/ieDecisionDetails.aspx?ID=2678
Decision Maker: Chief Executive of the Greater Manchester Pension Fund
Outcome: Recommendations Approved
Is Key Decision?: No
Is Callable In?: No
Purpose:
Content: DETERMINED in relation to the 3% allocation to Greater Manchester Property Venture Fund, approved by Panel on 19 July 2024, to approve the disposal of an industrial investment asset held within the Property Venture Fund for a minimum purchase price of £36m. The GMPVF allocation which was approved by Panel in July 2024 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.
Date of Decision: July 7, 2025