Lonsdale House, the Birmingham based office complex, was purchased by MCR Property Group at a guide price of £3.5 million. Located at 52 Blucher Street, the 33,000 square feet office space over five floors is situated adjacent to Mailbox Birmingham. Fully let at the moment, it is expected to become available in December 2018.
“Lonsdale House adds to our strong commercial portfolio of more than 85 key assets, including over 30 office developments, 3 million sq. ft. of industrial space, a number of hotels and an airport,” commented Iain Stott from MCR Property Group.
Birmingham City Council’s Business Development Plan 2031 forecasts that the city population will grow by 150,000 by 2031. The city became a primary investment for MCR, as it is going through significant transformations that predict a growing population and an increased confidence from the government.
“Lonsdale House adds to our presence in the city, including holdings such as Cobalt Square and Monaco House, which has gone into planning to deliver more than 1,000 new homes for rent,” said Iain about the company’s investment. “Birmingham New Street station, some 350 yards from Lonsdale House, was a major catalyst for our investment – excellent transport links makes Birmingham a commuter hub, attracting world- renowned businesses to the area as a result.”
Founded in 1989, MCR Property Group is a real estate investment and development company that focuses on the strategic acquisition and repositioning of commercial, residential, industrial, and retail assets across the UK. It has recently moved from retaining assets in the long-term, to trading assets centred specifically on securing value add opportunities all over the country.
