MCR Property Group has made its first office investment in Scotland as it eyes rapid expansion north of the border.
The 33,000-square-foot Merlin Business Centre in Glasgow is located in Hillington Park, Scotland’s largest business park, which is situated between Glasgow Airport and the city center, with easy access to the M8 motorway and excellent rail links.
MCR is aiming to purchase more than 100 commercial and industrial properties over the next three years, including development sites. Investments will typically range from £1 million to £10 million ($1.4 million to $14 million), though higher valuations will be considered. The firm will also be targeting additional residential acquisitions.
The Merlin Business Centre is currently only 50 percent occupied despite being an attractive, comfortable building with modern facilities. The MCR team expects to be able to rapidly improve the occupancy rate of the building as it has extensive experience in this sec
