Blue Marble aids property investor with new acquisition
BIRMINGHAM real estate asset management company, Blue Marble has supported coalfield regeneration specialist CRT Property Investments in the acquisition of a 23,000 sq ft industrial unit based in Glasshoughton, West Yorkshire.
The unit, based on Blue Ridge Park, Colorado Way, is part of a popular mixed industrial, retail and leisure location, situated close to the Xscape leisure complex and Junction 32 of the M62. The building is let to Sigma Retail Solutions.
Property Investment and Development Director for CRT Property Investments, Shaun O’Brien said: “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, said: “This is another cracking off market deal we have delivered for CRT Property Investments Ltd. (It) 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 and Blue Marble. Gerald Eve acted for the vendor, who is a private investor. The terms of the deal have not been disclosed.