Commercial Property Partners (CPP) has secured a property and asset management partnership with CRT Property Investments Ltd, a subsidiary of the Coalfields Regeneration Trust, for a Northern and East Midlands multi-let portfolio.
The portfolio includes properties in Wigan, Knottingley and Rainworth, and is headlined by the Eco Court development in Ollerton. Eco Court, part of the Sherwood Energy Village, is a 20,000 sq ft light industrial estate which was acquired by CRT Property Investments Ltd in March.
As managing agents for the portfolio, CPP will take full responsibility for the sites providing services including setting the service charge budgets, tenant liaison and regular property inspections.
Matthew Fitzgerald, Partner and Head of Property & Asset Management for Commercial Property Partners stated: “We’re delighted to be able to work with CRT Property Investments. The work they do for local communities is key in both supporting and improving the cultural legacy of former mining regions. For a practice such as ourselves, working with such a prestigious organisation represents a coup of an instruction.”
Shaun O’Brien, Property Investment and Development Director for the Coalfield Regeneration Trust stated: “It was an easy decision to appoint CPP to the management of our Northern and East Midlands portfolio. They’ve demonstrated a fantastic track record with similar instructions, and we had no doubt their management team will provide the best value in pro-actively managing our estate.”
CRT Property Investments Ltd is a subsidiary of the Coalfields Regeneration Trust, the only organisation dedicated to supporting coalfield communities. Responding to the challenge from Government to become self-financing, the property investment company will provide a return that will allow the organisation 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.
