Blue Marble Asset Management (Blue Marble) has increased the value of property assets under its management to well in excess of £100 million, by taking on the asset management of the property portfolio of CRT Property Investments Ltd, a subsidiary of the Coalfields Regeneration Trust.
Birmingham-based real estate asset management company Blue Marble has taken over the day to day management of the portfolio of industrial and office properties, located primarily across the Midlands, North-West and North East of England, to allow the team of property professionals at CRT Property Investments Ltd to focus on new acquisitions and development work for the portfolio.
Blue Marble has worked with CRT Property Investments Ltd for the past three years, assisting and advising on property acquisitions and lettings.
Property Investment and Development Director for CRT Property Investments Ltd, Shaun O’Brien, says: “As our portfolio continues to grow, outsourcing the management aspects to Blue Marble gives us the opportunity to focus on development opportunities. 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.”
Tim Matthews, Chief Executive of Blue Marble Asset Management, says: “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.”
Responding to the challenge from Government to become self-financing, CRT Property Investment Ltd 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.