Decision details

GM Housing Investment Loans Fund - Investment Approval Recommendations

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: Yes

Decision:

1.         That the GM Housing Investment Loans Fund loans as detailed below, be approved:

 

BORROWER

SCHEME

DISTRICT

LOAN

Bricks & Soul Trading Ltd

Various

GM wide

£0.750m

Newco SPV (an MCR Property Group Company)

Wharf Road, Altrincham

Trafford

£6.397m

Jubilee Way Estates Ltd

Bury Magistrates Court

Bury

£3.948m

 

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

 

Publication date: 29/09/2020

Date of decision: 25/09/2020

Decided at meeting: 25/09/2020 - Greater Manchester Combined Authority

Effective from: 08/10/2020

Accompanying Documents: