Birmingham asset managers take on Trust’s property portfolio

Real estate asset management company Blue Marble has taken on the asset management of properties from the portfolio of regeneration organisation Coalfields Regeneration Trust’s subsidiary CRT Property Investments.

The agreement increases the value of property assets under its management to more than £100m.

Tim Matthews, chief executive of Blue Marble Asset Management, said: “This is a wonderful opportunity and a great honour for Blue Marble to provide a full asset management service across the whole portfolio on the back of a solid relationship built up over the past three years.”

Birmingham-based Blue Marble has taken over the management of the portfolio of industrial and office properties, which CRT has said will allow the company to focus on development.

Property investment and development director for CRT, Shaun O’Brien, added: “This is an important step as we focus on increasing the returns that allow the Coalfields Regeneration Trust to continue to create programmes that meet with the diverse and complex needs that are still prevalent within former mining towns and villages.”

Blue Marble has worked with CRT Property Investments Ltd for the past three years, assisting and advising on property acquisitions and lettings.