Property business builds up its portfolio with office scheme purchase

MCR Property Group has finalised the acquisition of Moorside, an office development in Monks Cross, York, for an undisclosed sum.

Moorside comprises 69,351 sq ft of space, arranged over two floors.

Tenants include Aviva, Garbutt & Elliott, Rollits Solicitors, Portakabin, and Shepherd Group.

Martin Brown, fund director at MCR Property Group, said: “This is an important acquisition for MCR that strengthens our position, not only in the office sector, but in this part of the country with other active projects in Bridlington and surrounding area.

“We are fully in tune with the demands of a modern day business environment, and are building a portfolio that meets these very needs, creating smart, versatile and creative spaces that support business growth.

“York is a key regional location and is considered to be the commercial hub of Yorkshire, attracting more and more businesses keen to make this thriving city their HQ. Our aim is to consolidate Moorside’s position as a key commercial location for now and the future.

“We do have ambitious plans for this site, however, our immediate focus will be to ensure the transition is a positive one for all parties.”