MCR CONTINUES GROWTH IN SCOTLAND WITH ACQUISITION OF EUROPA HOUSE
Europa House, Motherwell has been acquired by MCR Property Group in the company’s first purchase of the New Year in Scotland. MCR Property Group, whose Scotland HQ is located in nearby Glasgow, have acquired the fully-let, 20,836 sq ft office building.
Located in the north of Motherwell town centre, just off the M8 and M74 motorways, the 4 storey detached office building extending to 20,836 sq ft comes with a fully landscaped site of c.1.5 acres with 66 dedicated car parking spaces. The property also benefits from 1 acre of development land which MCR will endeavour to achieve planning permission for a further 10,000 sq ft of industrial space, which will be fulfilled using local contractors.
MCR Property Group have invested over £20 million into Scotland’s commercial and residential property market in the last 12 months. The firm’s recent purchases include The Pentagon Centre in Glasgow and Merlin Business Centre at Hillington Park, according to the company this is just the tip of the iceberg with more acquisitions due to follow in 2022.
MCR Property Group Asset Manager, Nick Lake commented: “We are always actively seeking to buy assets which are not only a good investment but also can further provide the opportunity to create new commercial workspaces, especially where we can feed into the demand of the increasingly buoyant industrial sector. Europa House is in a fantastic location surrounded by rail and road networks and will be the first purchase in what we believe will be a busy 2022 for us in Scotland”.