Colliers International appointed to Greater Manchester Pension Fund’s £330m portfolio

Colliers International, the global commercial real estate company, has been appointed as the main external valuer for Greater Manchester Pension Fund (GMPF’s) Direct Property Portfolio.

With a current value of over £330m, Colliers will be the value of 50-assets throughout the UK, on a five-year instruction.

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 £17.5bn.

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.