MCR’S EXPANSION CONTINUES WITH SYSTEMATIC BUSINESS PARK ACQUISITION
MCR Property Group have completed their acquisition of Systematic Business Park in Colchester. Systematic Business Park spans 5.47 acres and benefits from an established commercial area, located off Old Ipswich Road. Colchester is a popular town for commuters, 65 miles from central London, and currently undergoing a £3 billion+ development drive, which MCR can both […]
MCR PROPERTY GROUP CONTINUES ITS SOUTHERN EXPANSION WITH THE ACQUISITION OF BLACKWORTH INDUSTRIAL ESTATE
The industrial estate in Swindon has been acquired by MCR Property Group in their third southern industrial acquisition of the year. The final acquisition price is undisclosed for the 4 plot transaction, which benefits from 176,605 sq. ft of existing accommodation. Sam Henderson, Head of Acquisitions (South) at MCR Property Group, said: “We are delighted […]
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 […]
MCR PROPERTY GROUP REVS UP INDUSTRIAL PORTFOLIO WITH THE PURCHASE OF FORMER LOLA CARS HQ
MCR Property Group has acquired 65,000 SQ ft industrial space in the former headquarters of iconic racing car brand Lola Cars. Situated in Huntingdon, Cambridgeshire, the currently vacant development stretches across 2.4 acres and equipped with three main buildings consisting of industrial space, offices and showrooms, spread across two floors and two separate buildings to the […
MCR SECURES £100 MILLION FUNDING BOOST FOR COMMERCIAL ASSETS
MCR Property Group have agreed a £100 million debt facility with partners ICG Real Estate Fund, secured against a portfolio of ten assets with over 1,000,000sq.ft of commercial space. The funding will help to secure the purchase, redevelopment, and expansion of six multi-let commercial sites. The upcoming industrial projects are based in Avonmouth, Swindon, Sheffield, […]
MARK HAYES REJOINS MCR PROPERTY GROUP AS MANAGING DIRECTOR OF COMMERCIAL DIVISION
The move marks a return to MCR Property Group for Hayes who spent seven years at the firm between 2006-2013. For the past 8 years, Mark ran his own investment advisory firm, Antrobus Capital Partners, having previously served as Head of Investment at MCR Property Group and a key force in their expansion movement into […]
MCR HOMES SELLS 78-UNIT APARTMENT CONVERSION IN £12M DEAL
MCR Homes has announced the sale of its Broadwater Apartments development in Worthing, West Sussex, to LRC Group, for £12m. The 53,000 sq ft former EDF Energy building was transformed by the Manchester-based company’s parent, MCR Property Group, last year into a mix of 78 one- and two-bedroom luxury apartments. All units have since been […]
MANCHESTER’S £400MILLION ‘GASWORKS NEW TOWN’ SCHEME GETS GREEN LIGHT FOR 1,200 HOMES
The Gasworks New Town neighbourhood is one of seven envisioned by the £4bn Victoria North masterplan. It will feature nine buildings ranging from 8 to 34 storeys. The 6.6-acre site has most recently been home to a car park but the green development will overwhelmingly prioritise walking and cycling over driving. It will result in […]
MCR PROPERTY GROUP ACQUIRES GLASGOW OFFICE COMPLEX AS IT BEGINS SCOTTISH EXPANSION
MCR Property Group has made its first office investment in Scotland as it eyes rapid expansion north of the border. The 33,000 sq ft Merlin Business Centre in Glasgow is located in Hillington Park, Scotland’s largest business park, which is ideally situated between Glasgow Airport and the city centre, with easy access to the M8 […]
MCR PROPERTY GROUP ADDS MORE THAN £3.3M IN RENTS TO COMMERCIAL PORTFOLIO
MCR Property Group has grown the annual rental income of its national commercial portfolio by more than £3.3million during the coronavirus pandemic. Over the seven-month period from the start of the 2020 financial year, the developer has completed lettings and lease renewals on over 435,000 sq. ft. increasing the rent roll by £3,304,911pa. New lettings […]