Acting on behalf of CRT Property Investments Ltd, specialist real estate asset management company, Blue Marble Asset Management, has negotiated a new three-year lease with the tenant of an industrial property in Glasshoughton, West Yorkshire.
Sigma Retail Solutions has taken the new lease at Blue Ridge Park, Colorado Way, Glasshoughton, a prime 23,000 sq ft industrial unit building located in a popular mixed industrial, retail and leisure location, close to the Xscape leisure complex and near to Junction 32 of the M62.
Birmingham-based real estate asset management company, Blue Marble, manages the 23,000 sq ft industrial unit on behalf of CRT Property Investments Ltd, which acquired the unit with the assistance of Blue Marble in September 2016.
Property Investment and Development Director for CRT Property Investments Ltd, Shaun O’Brien, says: “We’re extremely pleased to have signed a new lease with Sigma and look forward to working with them over the next three years. The unit is a fantastic building in a great location with good accessibility to the nearby national motorway network. It is easy to see why they have chosen to stay here.”
Amy Haywood, Senior Property and Asset Manager at Blue Marble, says: “In just a year since the purchase of this unit, we have successfully renewed the lease to the current tenant. This move was part of our strategy for this investment when we first advised CRT Property Investments Ltd on the purchase. We deliver added value to meet our clients’ investment objectives by pro-active management to a pre-agreed strategy.”
The Leeds office of GVA advised CRT Property Investments Ltd and Blue Marble on the new lease.
CRT Property Investments Ltd is a subsidiary of the Coalfields Regeneration Trust, the only organisation dedicated to supporting former mining towns and villages throughout the country.
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.
