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Tender process commences for commercial property and infrastructure funds

08/03/2017

The GMCA is seeking tenders from investment advisers to manage investments from the existing Evergreen Fund, alongside two new funds, Evergreen 2 and the Low Carbon Fund.

European Regional Development Fund

Funded from the European Regional Development Fund, The Greater Manchester Combined Authority has commenced a procurement process for the provision of investment adviser, operator and administrator services in respect of three commercial property and infrastructure funds. These include the existing Evergreen Fund (£59m), alongside its successor, Evergreen 2 (£45m) and a dedicated Low Carbon Fund (£15m). The deadline for tenders is 15th March 2017.

For further details on the opportunity and how to apply, please visit The Chest, the North West's Local Authority Procurement Portal.