MCR Strengthens Office Portfolio With Major York Acquisition

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

This move reiterates the property firm’s commitment to the modern office sector, acquiring well-located, high-end sites, offering further development potential. Moorside sits in the thriving Monks Cross area of the city, comprising some 69,351 sq ft of space, arranged over two floors.

Tenants of Moorside include Aviva, Garbutt & Elliott, Rollits Solicitors, Portakabin, and Shepherd Group. MCR is prioritising tenant engagement and will collaborate with the existing asset management team to ensure a smooth and positive transition, whilst introducing dialogue that will help shape a strategic future for the site.

Martin Brown, Fund Director at MCR Property Group commented: “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.

Martin added: “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.”