London firm appointed to run Northern Ireland Investment Fund
A London firm has been appointed to run a £100m investment fund for Northern Ireland infrastructure.
CBRE Indirect Investment Services Limited was the successful bidder for the Northern Ireland Investment Fund. It was delayed by around a year, and at risk of being lost due to Brexit.
The London-based firm has been appointed to run the fund, which will provide investment to key areas of infrastructure in Northern Ireland. This includes urban regeneration, energy, telecoms and social housing.
Headhunting firm Forde May Consulting is also seeking five board members, including three from the private sector, and two others from the public sector.
A year ago, in an email seen by the Belfast Telegraph from the Department of Finance, it said "uncertainty" and a "greater reluctance" by the European Investment Bank (EIB) meant it was "reassessing possible delivery models".