URL: https://tameside.moderngov.co.uk/ieDecisionDetails.aspx?ID=2784

Decision Maker: Chief Executive of the Greater Manchester Pension Fund

Outcome: Recommendations Approved

Is Key Decision?: Yes

Is Callable In?: No

Purpose:  An allocation of 8% of Fund assets to be invested in UK Property was ratified by Policy and Development in June 2025. An opportunity has arisen for a co-investment into a diversified portfolio with a credible and known partner. Initial capital commitment will be c. £100m with a further £50m of growth capital. Phase 1 Approval was obtained in December 2024.  Since then, extensive due diligence has been obtained alongside third-party advisors.  All due diligence is considered to be satisfactory.

Content:

Date of Decision: November 3, 2025