Decision details

GM Housing Investment Loans Fund - Investment Approval Recommendations

Decision Maker: Greater Manchester Combined Authority

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Decision:

1.  That the Greater Manchester Housing Investment Loans Fund loans detailed in the table below, as detailed further in this and the accompanying Part B report be approved.

 

BORROWER

SCHEME

DISTRICT

LOAN

Capital & Centric (Cocoon) Ltd

Farnworth Green

Bolton

£12.563m

CitiHaus 7 Ltd

The Highline

Trafford

£12.261m

 

2.  That authority be delegated to the GMCA Treasurer acting in conjunction with the GMCA Monitoring Officer to prepare and effect the necessary legal agreements.

 

3.  That the variations to the terms of various GM Housing Investments Loans Fund loans detailed in the table below which have been approved by the GMCA Chief Executive under delegated authority, as detailed further in this and the accompanying Part B report be noted.

 

BORROWER

SCHEME

DISTRICT

LOAN

Well Built Homes Ltd

Hebron Street

Oldham

£0.810m

Splash Contracts Ltd

Medlock Road

Oldham

£1.600m

Jubilee Way Estates Ltd

Bury Magistrates Court

Bury

£4.344m

GJS (Blade) Investments Ltd

The Blade

Manchester

£32.438m

AH2 Gee Cross Ltd

Rowbotham Street

Tameside

£2.677m

 

Publication date: 30/05/2023

Date of decision: 26/05/2023

Decided at meeting: 26/05/2023 - Greater Manchester Combined Authority

Effective from: 07/06/2023

Accompanying Documents: