Colliers International has been appointed as the main external valuer for Greater Manchester Pension Fund (GMPF’s) Direct Property Portfolio, incorporating 50-assets throughout the UK, on a five-year instruction with a current value of over £330million.
GMPF, which is administered by Tameside Metropolitan Borough Council, is the UK’s largest local authority pension fund serving all of the Greater Manchester local authorities and other admitted organisations. As at year end 2014, GMPF is valued at £17.5billion
Paul Willis, Colliers International Valuation and Advisory Services Director, commented: “We are thrilled to be instructed on GMPF’s direct property portfolio, which extends across the North West as well as the rest of the UK and incorporates a diversified mixture of commercial property assets.”