CRT Property Investments has expanded its portfolio of commercial properties with the acquisition of an industrial site in St Helens.
With the support of real estate asset management company Blue Marble Asset Management, the investor has bought the 17,388 sq ft Units 2 & 3 Sutton Fold on Lancots Lane.
“This is an excellent property which merits occupation by a single tenant and will become a strong income producing investment for us,” said Shaun O’Brien, property investment and development director for CRT Property Investments.
“Once again Blue Marble has assisted in the acquisition of the very highest quality property and investment opportunity.”
Tim Matthews, chief executive of Blue Marble Asset Management, added: “We secured this investment for our client against some competitive bidding.
“Although the buildings are unoccupied at present, we are already in discussion with a prospective occupier, as part of a very clear business plan to maximise the performance of this investment over the coming months and years.
“However, we are still open to offers for the tenancy and have appointed Warrington-based B8RE as letting agents.”
CRT Property Investments is a subsidiary of the Coalfields Regeneration Trust, the only organisation dedicated to supporting the coalfield communities.