£100m Investment Fund to promote investment, jobs and growth

Posted by
info@newrytimes.com
Monday, December 4th, 2017
Jobs & Careers, Politics

The Department of Finance has appointed CBRE Capital Advisors to manage a new £100million Investment Fund.

Welcoming the appointment of CBRE, Permanent Secretary Hugh Widdis said, “This Fund, agreed by the previous Executive, will focus investment in the areas of regeneration, office and low carbon projects to deliver economic growth.

 

 

“It will play a significant role in supporting private sector investment in key areas of local development over the next decade.”

CBRE has been appointed to manage the Fund for 15 years. They will lever in private finance and reinvest the £100million over this period to deliver significant benefits for Northern Ireland. 

Commenting on the appointment, Andrew Antoniades, Head of Debt Investment Advisory, CBRE said, “We are delighted to have been appointed as fund manager for this new, forward thinking Fund.

 

 

“It is great to see key regional markets taking charge of development. By instigating capital projects, Northern Ireland will be able to deliver wider socio-economic benefits as well as generating income that can be recycled back into the fund. We are already in discussion with a number of developers to build a successful pipeline.”

The main areas targeted for investment through this initiative are mixed use site development; offices; industrial, warehousing and distribution facilities; research and development facilities; site remediation and access; other physical development that supports economic growth; energy efficiency, energy storage; and energy generation from solar, wind, hydro and waste to energy projects.

 

 

CBRE will be overseen by a Scrutiny Board, consisting of three private sector members and two public sector members.


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