Acting on behalf of CRT Property Investments Ltd, specialist real estate asset management company, Blue Marble Asset Management (Blue Marble) has negotiated a new 10 year lease with the tenant of a Nottingham industrial property.
Ferraris Piston Service Limited (FPS) has taken the new lease, with no breaks, on Unit 6A, Blenheim Park, Nottingham, a 13,500 sq ft industrial unit.
CRT Property Investments Ltd acquired Unit 6A in February this year (2016), with the assistance of Blue Marble, as part of a multi-million pound off-market investment in 34,000 sq ft of prime industrial space in Blenheim Park.
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 FPS and look forward to working with them over the next ten years. The unit is a fantastic building in a prime location, it is easy to see why they have chosen to stay here.
“We would like to thank Blue Marble for their great work. As always it has been a pleasure working with the team.”
Tim Matthews, Chief Executive of Blue Marble Asset Management, says: “Within six months of 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.”
CRT Property Investments Ltd is a subsidiary of the Coalfields Regeneration Trust, the only organisation dedicated to supporting the coalfield communities to help themselves.
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.
