Merseyside Extends RE Contracts
Merseyside Pension Fund has extended two contracts for real estate investment services, IPE reports. It has extended the property investment valuation contract with Colliers CRE to cover the March and September 2009 valuations, to provide the pension fund with “additional assurance” during the current market turmoil.
The contract with Colliers CRE was due for renewal in March, but MPF will instead tender to award a new contract to begin with the March 2010 property valuation. It has also extended the property estate management contract with CB Richard Ellis for another two years and plans on awarding a new contract to begin on Feb. 1, 2011.
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