A property developer has bought a prominent Nottinghamshire industrial and office development.
MCR Property Group said it had strengthened its commercial and industrial portfolio with the acquisition of Daleside House, in Calverton, just outside Nottingham.
The 3.36 acre site includes a big two-storey industrial unit which is currently subdivided into offices, self-storage and industrial units. There is also a 50 space car park. The new owners said the 79,000 sq ft premises will undergo a programme of refurbishment and upgrade.
MCR Property Group’s portfolio includes industrial property across the UK and management said further acquisitions and announcements were expected to be made throughout the year.
MCR Property Group fund manager Martin Brown said the latest acquisition formed an important development in the group’s wider growth plans.
He said: “Industrial developments such as this are hugely important for the local economy.
“There’s a severe shortage of quality industrial property, particularly in the Nottinghamshire region, and we plan to work with current and future tenants on a comprehensive refurbishment of the property assets, ensuring that ESG standards are met, providing practical and quality business accommodation.
“For the MCR Group, the industrial sector is becoming increasingly pivotal to the company’s growth strategy and ensuring that we own and operate sites and properties that cater for a local demand and need in this area of the market is a key driver for the business.”
MCR Property Group, is a real estate investment and development company specialising in new houses and apartments through new builds and conversion, as well as commercial, industrial, and retail assets across the UK.
