MCR doubles down on regional offices with multimillion Bristol and Swindon acquisitions
In Bristol, MCR has acquired One Brunswick Square The city centre office building extends to 50,116 sq ft and includes over 25,000 sq ft of refurbished workspace available across the first and third floors.
Located between Cabot Circus and Bristol Temple Meads, the building sits within one of the city’s most established commercial and cultural locations, benefiting from strong connectivity and a wide range of surrounding amenities.
The asset has been extensively refurbished, delivering high-quality office accommodation aligned with modern occupier expectations. Specification includes exposed services, strong natural light via a central atrium, VRF comfort cooling, raised access floors, LED lighting and end-of-journey facilities, including showers, cycle storage and secure parking.
Milford House in Swindon comprises a 50,405 sq ft office building in a central location close to the town’s railway station. The asset is currently income-producing, providing a stable foundation for future leasing and asset management activity.
The acquisition marks MCR’s second investment in Swindon in as many months, reinforcing its growing conviction in the town as a strategic commercial location with strong connectivity and an established occupier base.
The transactions reflect MCR’s continued focus on acquiring well-positioned office assets where value can be created through active management and a clear understanding of occupier requirements.
“Our investment strategy is built on a very clear principle, backing locations where we have conviction and where we know we can deliver.
We have a strong track record in both Bristol and Swindon, and these acquisitions reflect that. We are not entering new markets, we are doubling down on ones where we have already demonstrated success and understand the occupier landscape.
What differentiates us is our ability to actively manage and reposition assets. We have a highly experienced asset management team that focuses on enhancing buildings, improving the occupier experience and ultimately driving performance.
Bristol continues to be one of the UK’s most compelling office markets, and it’s great to return with an asset like One Brunswick Square, which aligns directly with what occupiers are looking for today.
In Swindon, this is our second acquisition in as many months, and we see a clear opportunity to build further scale in a well-connected market with a diverse occupier base.”
Henry Routledge, Acquisitions Associate at MCR Property Group, added:
“This was a transaction where we were able to move quickly and decisively, supported by capital ready to deploy.
We have a clear view on the type of assets we want to acquire, well-located buildings with strong fundamentals and the opportunity to drive performance through active management.
Working closely with the vendor and agents, we were able to execute at pace and secure two assets that fit directly within our strategy.”
Columbia Threadneedle acted as vendor on both transactions. Kimmre, represented by Max Clynes, acted as selling agent, while Colliers, represented by Chris Lewis, advised MCR.
