CRT Property Investments Ltd has added to its portfolio of commercial properties with a 23,000 sq ft industrial unit based in Glasshoughton, West Yorkshire.
With the support of real estate asset management company, Blue Marble Asset Management (Blue Marble), in an off market purchase, CRT Property Investments Ltd has bought Unit 9A Alpine Court, based on Blue Ridge Park, Colorado Way.
Located in a popular mixed industrial, retail and leisure location, close to the Xscape leisure complex and near to Junction 32 of the M62 and the A1(M), the modern steel portal frame building is let to Sigma Retail Solutions.
Property Investment and Development Director for CRT Property Investments Ltd, Shaun O’Brien comments: “Our main objective is to drive investment back into former mining communities, so when this unit became available it made sense for us to purchase it. This is a quality building in a great location, we’re pleased to add it to our growing portfolio.
“Once again Blue Marble has identified the very highest quality property and investment opportunity.”
Tim Matthews, Chief Executive of Blue Marble Asset Management, says: “This is another cracking off market deal we have delivered for CRT Property Investments Ltd. Unit 9A is a high profile unit for which we will now implement a very clear business plan to maximise its performance over the coming months and years.”
Bilfinger GVA acted for CRT Property Investments Ltd and Blue Marble. Gerald Eve acted for the vendor who is a private investor.
CRT Property Investments Ltd is a subsidiary of the Coalfields Regeneration Trust, the only organisation dedicated to supporting the coalfield communities to help themselves.
Responding to the challenge from Government to become self-financing, the property investment company will provide a return that will continue to allow the Coalfields Regeneration Trust to create programmes that meet with the diverse and complex needs of the communities throughout the UK.
With some 5.5m people living in these areas, and many falling into the 30% most deprived in the country, there is still a lot of work to be done to restore these communities to the thriving villages and towns they once were.