MCR Property Group has gained a £22.4m loan for the development of 64 residential houses in Aylesbury
MCR Property Group has secured a noteworthy loan of £22.4 million to develop a residential housing project in the charming town of Aylesbury, Buckinghamshire. This amount aids in the development of 64 houses, comprising 49 private and 15 affordable homes, and is being executed by MCR Property Group. The successful loan was granted by Octopus Real Estate just last month on a 24-month term.
The project is set to achieve an impressive EPC rating of B, accomplished through the innovative use of air-source heat pumps and electric vehicle charging points. Furthermore, MCR Property Group has made a commendable commitment to reducing the carbon footprint of the development by locally sourcing construction materials. The project will also result in a net gain of trees, with the planting of new ones and the preservation of the majority of old ones.
Head of residential development at Octopus Real Estate, Andy Scott, spoke highly of the project, stating: “We love partnering with developers who share our vision to reimagine real estate by providing quality sustainable homes. We value MCR’s commitment to making green decisions while delivering new homes that will have a positive impact on the local community, and we look forward to seeing the completed scheme.”
David Tracey, COO at MCR Property Group, echoed the sentiment: “We are committed to making a positive and lasting impact in the areas in which we work, an aspiration we believe will undoubtedly be carried through here at Aylesbury.”