MCR Property Group says it will make more acquisitions “with speed and precision” after securing a £250m debt facility to support its growth.
The Manchester group has agreed what it calls “a landmark debt facility” with London-based private equity firm Pollen Street, with a revolving senior secured credit facility. MCR says the agreement “forms part of a wider capital framework that has the potential to support up to £1 billion of future investment across the group’s growing portfolio Ƶ wide.”
The group says it will look at opportunities across key Ƶ regions in areas including residential, PBSA, commercial, and mixed-use properties. In June, MCR Property Group – founded in 1989 by Aneel Mussarat – acquired a portfolio of student accommodation across the East and West Midlands.
In March MCR bought the Blenheim Court office complex in Solihull for £13m, while in December it announced it had secured a £42m funding deal with NatWest.
Its chief operating officer, David Tracey, said: “This facility represents a major vote of confidence in our strategy and performance. It gives us the agility to accelerate our acquisition pipeline, strengthen our portfolio, and continue creating enduring value for our partners and stakeholders. Partnering with an institution of Pollen Street’s calibre is a privilege – their expertise, professionalism, and shared ambition make them an outstanding financial partner.
“This facility ensures we can deploy capital with speed and precision while focusing on unlocking enduring value and acquiring assets that fit seamlessly within our long-term portfolio mix. We are grateful for their confidence in MCR and look forward to building on this relationship as we continue to grow.”
James Bevans, investment director at Pollen Street, said: “We are delighted to support MCR Property Group with this facility to accelerate its deployment and business growth. MCR has built a fantastic track record since 1989, delivering over £5 billion worth of developments.
"Our investment strategy aims to back fast growing, high quality businesses providing leverage against well-diversified portfolios of cash flow generating assets. MCR’s hands-on approach, grit, and market presence, in combination with our support, should allow MCR to achieve the next phase of their growth plans.”
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