1. Portfolio of Sites 5 sites across the City - 4 in MCC ownership
- 1 in HCA ownership
Good sites balanced with more challenging regeneration areas
Delivering 240 new homes
121 for sale, 119 for Market rent
Slide 1

2. Site Preparation Geo-Environmental Desk Top Study Ecological surveys
Topographical surveys
Flood Risk Assessment Surveys
Intrusive site investigations/Remediation on HCA site
Legal Title
Planning Brief
Site Valuations
Slide 2

3. Procurement Options Option 1 - North West Construction Hub
Option 2 - Homes and Community Agency (HCA) Delivery Partner Panel Framework (Northern Cluster)
Option 2 was selected as the process to procure delivery partners:
Technical Adviser
Sales and Marketing Team
Development Contractor
The Management Company was procured by the Pensions Fund Property Advisers, GVA.
Slide 3

4. Matrix Homes Legal Structure
1. Matrix Homes Limited Partnership established April 2014
2. Organisations involved in the partnership
Tameside Metropolitan Borough Council
Manchester City Council
Kingfisher Unit Trust Property Partnership Limited
3. Key funders of the partnership
The Greater Manchester Pension Fund
4. Matrix Homes (General Partner) Limited – day to day management
Slide 4

5. Financial Structure HIF 1
MCC Land Value circa £5 million
GMPF funding £24 million
Matrix Homes LLP
21 year life
Return split 80/20
GMPF take preferential return.