Property group strengthens its offer following bank’s £42m funding package
Manchester real estate investment and development firm, MCR Property Group, has unveiled a £42m investment from NatWest.
MCR says the deal will enable it to strengthen its position and add value across a broad spectrum of commercial, residential, industrial and retail projects throughout the UK, supported by the consolidation of lending through a singular facility with NatWest.
With a track record of 30 years within real estate investment and development, MCR has an in-house team spanning a variety of property specialisms.
Aiming to add value across all property classes facilitating deals both in the UK and internationally, their work strives to create enduring value for communities through strategic acquisition and repositioning of commercial, residential and retail assets.
Andy Clarke, Director of Corporate Real Estate Finance at NatWest, said: “We have been in discussions with MCR for a number of years and we are delighted to be supporting this funding package which will enable them to invest into future projects.
“This lending paves the way for the start of a deeper relationship between MCR and NatWest and we look forward to working with them on future transactions.”
David Tracey, Chief Operating Officer of MCR Property Group, said: “We are thrilled to have secured this significant funding deal with NatWest, which marks a pivotal moment in MCR Property Group’s journey.
“The partnership not only strengthens our ability to deliver high value projects across the UK, but also underscores our commitment to creating lasting value for the communities we serve.”
He added: “With NatWest’s support, we are well positioned to drive forward our ambitious plans and continue building on our 30-year track record of excellence in real estate investment and development.
“We look forward to a successful and collaborative relationship with NatWest as we embark on the next phase of our aggressive growth strategy.”
Hill Dickinson and Jones Lang LaSalle provided legal and valuation advice for NatWest, with Addleshaw Goddard and Deloitte acting for MCR.
