GVA retains pension fund brief

Greater Manchester Property Venture Fund has reappointed advisor GVA as fund manager on its £300m investment pot.

GMPVF is the property sub-fund of the £12.6bn Greater Manchester Pension Fund, which looks after the pensions of council workers in the 10 boroughs.

GVA was initially appointed by the fund in 2007, and has since overseen deals such as the partnership with Argent to build the 270,000 sq ft office at One St Peter's Square, the consortium with Argent and Carillion to develop the £650m Airport City, the acquisition of the 55,000 sq ft Island Site between South King Street and John Dalton Street, and the recent purchase of the Chorlton Cross Shopping Centre.

Tameside Council is the administering authority for the GMPF. The agreement with GVA is another seven-year contract with an option to extend for a further two years.

Former GVA associate director Aoife McEvoy led the development team which advised the GMPVF until her departure from the firm for John Laing in June. Director Jonathan Stanlake has taken over as lead and is supported by senior director Mark Rawstron and graduate James Couth.

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