Manchester property firm gears up for major expansion

Chris Taylor

A Manchester property investment company is planning a major expansion of its business after moving into the London market.

MCR Property Group is looking to expand its London office and is planning to take on 50 new staff.

At the moment 10,000 units equating to £2bn form MCR Property Group’s pipeline.

The London hub, which is in Mayfair, will support its development plans across the South East and beyond and the firm expects the figure to grow to 15,000 units per year over the next five years.

MCR Property Group has launched a national recruitment initiative with significant job creation over the next 18 months.

The company is looking to take 50 new staff on in the capital, increasing the national headcount to 500 direct employees and 2,000 indirect employees.

Chris Taylor, fund manager at the firm, said: “Despite hazy confidence in the London property market, the capital and its surrounding areas are a major focus for us. Expanding into London will enable us to propel our strategy forwards in order to deliver high quality development in high demand locations.

“We also have our sights set on European growth. Our presence in the capital will provide the leverage needed to rapidly trigger this expansion.”

MCR Property Group is working on major developments across the UK, including New Monaco in Birmingham, The Old Works in High Wycombe and Gould Street in Manchester.

With more than 1,000 units, New Monaco is a £275m urban village located on Birmingham’s long standing vacant Monaco House complex.

MCR Property Group will completely transform the seven acre site into a unique village community on the fringe of the city centre.

Part of Manchester’s £1bn Northern Gateway scheme, Gould Street is poised to deliver world-class housing within the northern fringe of the city centre.

While The Old Works in High Wycombe will fuse Victorian industrial architecture with modern luxury to offer 228 new-build apartments in a prime commuter belt location.

MCR Property Group’s sales are managed by its dedicated residential arm, Regency Residential, which was established in 2017.

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