MCR Property Group continues to strengthen its commercial and industrial portfolio with the acquisition of Daleside House, a prominent Nottinghamshire industrial and office development.
Located in Calverton, just outside Nottingham city centre, the asset sits across a 3.36-acre site, including a vast two-storey industrial unit.
The building is currently subdivided to provide a range of units from individual offices, as well as self-contained units and self-storage units comprising industrial, office, self-storage units and 50 space car park.
The 79,000 sq ft premises will undergo a programme of refurbishment and upgrade, with several of the units earmarked for refurbishment and future letting. The business notes that nearby Swillington, which offers access to the M1, A1M and M62, has been pinpointed as a valuable location for occupiers.
MCR Property Group’s extensive and vast and varied portfolio includes industrial property assets in strategic locations across the UK with further acquisitions and announcements to be made throughout the year. This latest acquisition forms an important development in the Group’s wider strategic growth plans.
Martin Brown, Fund Manager at MCR Property Group, said: “Industrial developments such as this are hugely important for the local economy. There’s a severe shortage of quality industrial property, particularly in the Nottinghamshire region, and we plan to work with current and future tenants on a comprehensive refurbishment of the property assets, ensuring that ESG standards are met, providing practical and quality business accommodation.
“For the MCR Group, the industrial sector is becoming increasingly pivotal to the company’s growth strategy and ensuring that we own and operate sites and properties that cater for a local demand and need in this area of the market is a key driver for the business.”
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