Managed by CBRE

    About Us

    Andrew Antoniades

    Andrew Antoniades

    Fund Advisor - Executive Director

    Andrew established and leads CBRE’s Lending platform within the Investment Advisory service line. He specialises in enabling investors to deploy their capital as debt, establishing specific lending strategies for them, then structuring and managing loans on their behalf.

    T: +44 207 182 2587

    William Church

    William Church

    Fund Advisor – Senior Director

    William has been involved with the Evergreen Fund from its inception. William specialises in linking public and private funding to create results for Borrowers and the Public Sector alike.

    T: +44 207 182 2867

    Herbin Duffield

    Herbin Duffield

    Fund Advisor – Associate Director

    Herbin is responsible for underwriting Evergreen loans and reporting progress to the Evergreen Board.

    T: +44 207 182 8381

    What we fund

    The fund has been set up to provide development debt for a wide range of commercial and regeneration property and infrastructure projects within Greater Manchester, Cheshire and Lancashire. The Fund is supported by the European Regional Development Fund programmes 2007-2013 and 2014-2020, JESSICA Programme as well as by 16 local authority partners. The fund is seeking to invest in projects where there is a clear benefit to the local employment, regeneration, environmental and economic prospects that cannot access debt from traditional sources.

    The fund was established in 2011 and has supported 21 projects with an average project IRR of 5.1% in addition to meeting and exceeding all socio-economic targets:

    • Business Rates pa £32m
    • Business rates accelerated: £97m
    • Employment Space 685,000 sq m
    • Jobs supported: 28,473
    • Brownfield land redeveloped: 66ha

    How Evergreen is Funded

    Evergreen is a public sector owned fund that provides debt for development projects that support the regional economy through provision of employment space.

    The source of capital is from the European Regional Development Fund (ERDF) and other match funding. Total funds under management by CBRE under the Evergreen umbrella are £105m.

    Evergreen 1

    The Evergreen 1 fund was capitalised with investment from the 2007 to 2013 North West ERDF Programme which sought to enhance the competitiveness of the region’s economy by supporting growth in enterprise and employment. Following the end of the programming period the fund is continuing to reinvest the returns into new development projects.

    The 2007 to 2013 ERDF Programme in England is managed by the Ministry of Housing, Communities and Local Government. For further information please visit:

    Evergreen 2

    The project has been funded from the England European Regional Development Fund as part of the European Structural and Investment Funds Growth Programme 2014-2020.  The Ministry of Housing, Communities and Local Government (and in London the intermediate body Greater London Authority) is the Managing Authority for European Regional Development Fund. Established by the European Union, the European Regional Development Fund helps local areas stimulate their economic development by investing in projects which will support innovation, businesses, create jobs and local community regenerations.  For more information visit

    The Fund Advisor

    The fund is advised by CBRE Investment Advisory team. CBRE is a leading real estate advisory firm. CBRE’s role is to source and evaluate potential investments for the fund, as well as manage and monitor the developments over the investment life-cycle. For more information about CBRE, please visit the CBRE website.

    Investment Advisory CBRE

    CBRE IISL is a regulated arm of CBRE