MCR PROPERTY GROUP SWOOPS FOR LIVERPOOL STUDENT ACCOMMODATION
MCR Property Group, one of the UK’s leading independent property investment & development firms, has acquired its latest student accommodation Haigh Court, Liverpool from Nido Student for an undisclosed sum.
The acquisition comprises a converted building 4 floors that provides 158 student en-suite bedrooms across a mixture of cluster flat accommodation and studio apartments. At ground level the building has an entrance into the student reception but is also made up of a popular food/drink venue and hostel. Both these properties are on long-term leaseholds and are under the freehold acquisition by MCR Property Group.
Fund Manager Nick Lake said: “Liverpool continues to outperform the economic climate and this purchase is inline with the fund’s strategy to further invest in the city of Liverpool. Haigh Court, Liverpool consists of some great commercial unit tenants and is a perfect fit for our in-house asset management team and 25 years’ experience in owning and managing Student Accommodation.”