The Greater Manchester Property Venture Fund (GMPVF) was created by the Greater Manchester Pension Fund in 1990. It is a specialised vehicle for the LGPF to invest in property developments in Greater Manchester and across the wider North West area which generate a commercially viable rate of return. GMPVF does this through site acquisition, building design, direct property development and property letting/management. GMPF has made a £700 million allocation to GMPVF.

Since its founding, investments have been made in both commercial and residential property, in doing so facilitating economic development, long-term job creation and improving the living standards for local residents. Examples of investments include:

INVESTMENTUSE OF FUNDS
Matrix HousingCreation of joint venture to fund the construction of 240 affordable houses across the Greater Manchester region.
Airport CityCreation of 5 million sq ft for the construction of hotels, office space and logistics infrastructure, likely creating significant numbers of jobs.
Crusader MillProvision of loan facility for the construction of 201 apartment buildings, which will be targeted at local residents.
Deansgate SquareDebt funding for the construction of 350 apartment units within the city centre.
First St, Manchester City CentreAddition of 170,000 sq ft of office space for both established firms and new SME enterprises.
Runcorn Industrial WarehousesProvision of long lease storage units for local businesses and Mancunian industry.
Stockport Sorting OfficeDebt funding towards the construction of 119 new apartment units and commercial spaces.

In total, the fund has developed more than 1 million square feet of commercial buildings and funded the construction of more than 1000 housing units within the Greater Manchester area.