Greater Manchester Pension Fund (GMPF) has formed a new joint venture with funds and accounts managed by BlackRock to drive major investment into the United Kingdom’s primary healthcare sector. Bringing together the largest Local Government Pension Scheme and largest asset manager in the United Kingdom, the partnership aims to unlock much-needed private investment into the real estate delivering essential National Health System (NHS) care across the United Kingdom.
The joint venture will seek to mobilize third-party capital to invest in acquiring, upgrading, expanding and developing primary healthcare centers providing frontline General Practitioner (GP) and NHS services in local communities. Launching with a seed portfolio of 65 modern, purpose-built primary care assets serving more than 700,000 patients across England, Scotland and Wales, the joint venture is initially targeting up to a £1 billion ($1.3 billion) portfolio of high-quality healthcare facilities by the end
