CBRE Capital Advisors said on Wednesday that it has been appointed to manage a new Northern Ireland fund.
The £100 mln (€111 mln) fund will provide debt finance for real estate, regeneration, low carbon and infrastructure projects and will be managed on behalf of the Department of Finance and the Northern Ireland Strategic Investment Board.
CBRE has been appointed to manage the fund for 15 years and will oversee a minimum of two full investment cycles.
'We are already in discussion with a number of developers to build a successful pipeline,' said Andrew Antoniades, head of Debt Investment Advisory, CBRE (pictured).
Permanent Secretary, Northern Ireland Department of Finance 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.'
As well as enabling development of traditional real estate asset classes, the Fund will also fund low carbon initiatives. QMPF will act as strategic partner to CBRE, advising on low carbon projects.
