UPN-00618 - Future Places Fund (FPF)

The West of England Combined Authority has awarded contract UPN-00618 for the Future Places Fund to CBRE Limited. With a contract value of 1,000,000 pounds excluding VAT, the agreement begins on November 17, 2026, and runs through November 17, 2029, with potential extensions available until 2031. As the Fund Adviser, CBRE Limited is responsible for the end-to-end management of the fund lifecycle, encompassing the origination, assessment, structuring, execution, and ongoing management of investments. The scope of work includes sourcing investment opportunities, conducting due diligence, and managing transactions through governance processes to support housing, regeneration, and economic growth. The adviser will oversee risk, compliance, and asset management to ensure the delivery of measurable social, economic, and environmental outcomes, specifically focusing on affordable housing, job creation, brownfield regeneration, and carbon reduction targets.