Key Takeaways
- • Greater Manchester Pension Fund has appointed CBRE as new investment adviser for its £840 million Greater Manchester Property Venture Fund, per CoStar's September 14, 2023 report.
- • CBRE replaces Avison Young as the fund's adviser, a change in mandate holder for the property venture vehicle.
- • The article is paywalled, so details beyond the appointment itself, including fee terms and mandate scope, are not available from the primary source.
Summary
Greater Manchester Pension Fund has appointed CBRE as the new investment adviser for its £840 million Greater Manchester Property Venture Fund, according to CoStar. The appointment replaces Avison Young, which previously advised the fund.
The Greater Manchester Property Venture Fund is the pension fund's vehicle for property investment. Under the new arrangement, CBRE takes on the advisory role for the fund's real estate activity. The CoStar report lists two Manchester properties in connection with the story, One St Peter's Square and Number 8 First Street, though the primary source does not detail how these assets relate to the mandate.
The full CoStar article is restricted to subscribers, so further details such as contract length, fee structure, and the specific scope of CBRE's responsibilities could not be confirmed from the available source material.
The Greater Manchester Property Venture Fund is the pension fund's vehicle for property investment. Under the new arrangement, CBRE takes on the advisory role for the fund's real estate activity. The CoStar report lists two Manchester properties in connection with the story, One St Peter's Square and Number 8 First Street, though the primary source does not detail how these assets relate to the mandate.
The full CoStar article is restricted to subscribers, so further details such as contract length, fee structure, and the specific scope of CBRE's responsibilities could not be confirmed from the available source material.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.