MCR Property Group completes sale of Langton Estate, Newton Aycliffe

The Langton Estate extends across approximately ten acres and provides more than 188,000 sq ft of business and industrial accommodation. With a strong tenant base and additional development land, it has long been recognised as a well-established commercial hub in the North East.

The disposal forms part of MCR’s wider strategy to recycle capital and re-align its asset management priorities, ensuring the Group continues to focus investment on projects where it can deliver the greatest value and long-term growth.

David Tracey, Chief Operating Officer of  MCR Property Group said: “We are pleased to complete the sale of Langton Estate, which represents another step in aligning our portfolio with our forward strategy. Recycling capital through selective disposals allows us to reinvest into developments and assets where we can create more value and deliver stronger outcomes for our investors and stakeholders.”

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