West Yorkshire industrial unit acquired by CRT Property Investments Ltd
A 23,000 sq ft industrial unit based in Glasshoughton, West Yorkshire, has been acquired by CRT Property Investments Ltd.
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 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 steel portal frame building is let to Sigma Retail Solutions.
Shaun O’Brien, property investment and development director for CRT Property Investments Ltd, commented: “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, said: “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.
Based in Birmingham, Blue Marble Asset Management presently has more than £60m of property assets under management. It works for a select range of clients including investment businesses, high net worth individuals, trusts and family offices.