MCR Property Group expands PBSA portfolio with acquisition of 629-bed Clanny House in Sunderland

MCR Property Group has expanded its purpose-built student accommodation portfolio with the acquisition of Clanny House in Sunderland,  a 629-bed scheme located directly opposite Sunderland Royal Hospital.

Set within 7.6 acres of landscaped grounds, Clanny House comprises 14 purpose-built blocks offering a mix of two- to six-bedroom apartments. The freehold property lies just one mile from Sunderland city centre, with excellent access to the University of Sunderland’s Sir Tom Cowie Campus and the nearby Metro network.

The asset previously operated under a long lease to the University and remains in strong condition. MCR has moved immediately onsite, launching a 14-week refurbishment programme that will see internal reconfigurations, amenity upgrades and brand new furniture installed throughout to align with modern living expectations and regulatory requirements.

Nick Lake, Asset and Fund Director at MCR Property Group, commented:
“Clanny House is a well-located and well-built asset that fits perfectly within our growing PBSA portfolio. With demand in Sunderland continuing to rise, particularly from both UK and international students as well as key workers, we see strong long-term potential. Our team is already onsite, progressing upgrades to deliver a refreshed, high-quality living experience that will support the city’s growing academic and healthcare communities.”

The acquisition aligns with MCR’s broader strategy of targeting high-potential regional assets across the UK. Student numbers at the University of Sunderland have nearly doubled over the past decade, growing from 11,000 in 2016/17 to more than 20,000 in 2022/23, including over 7,000 international students. Meanwhile, Sunderland Royal Hospital, located directly opposite Clanny House, employs more than 8,500 staff, driving consistent local demand for accommodation.

The investment represents a vote of confidence in Sunderland’s trajectory as a thriving university city. As the student market continues to expand, high-quality, well-managed PBSA like Clanny House will play a critical role in supporting both academic success and the wider city economy.

Clanny House will be retained and operated by MCR as part of its expanding UK student portfolio.

For more information visit: www.clannyhouse.co.uk

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‍Acknowledgements

MCR Property Group would like to thank Together for their continued support in funding the Clanny House acquisition. Their expertise and partnership have been instrumental in helping us deliver high-quality, purpose-built student accommodation across the UK, and we’re proud to be working alongside them once again.

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