Greater Manchester Pension Fund (GMPF) is to invest £150million in a joint venture behind one of the largest regeneration projects in the region.
Bruntwood SciTech is a joint venture between property giant Bruntwood and Legal & General. Both companies have also invested extra funds into the organisation, netting it an additional £350million.
GMPF is the first local government pension scheme to make a direct and active investment into a UK-wide science, tech and innovation specialist property platform.
Bruntwood SciTech is now aiming to create a £5billion UK-wide portfolio that can support 2,600 businesses by 2032. READ MORE: Midland Hotel owner loses almost £60m despite sales nearly doubling READ MORE: Click here to sign up to the BusinessLive North West newsletter GMPF is one of 86 funds that make up the Local Government Pension Scheme (LGPS) in England and Wales.
Read more on manchestereveningnews.co.uk
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