The 33,000 sq ft Merlin Business Centre in Glasgow is located in Hillington Park, Scotland's largest business park, which is ideally situated between Glasgow Airport and the city centre, with easy access to the M8 motorway and excellent rail links.
MCR is aiming to purchase over 100 commercial and industrial properties over the next three years, including development sites. Investments will typically range from £1m to £10m, though higher valuations will be considered. The firm will also be targeting additional residential acquisitions.
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MCR is already very active in Scotland and, in the last 12 months, has completed Centrum, which houses 50,000 sq ft of refurbished industrial units in Coatbridge, North Lanarkshire, as well as Embankment West, a residential development of 165 apartments in Edinburgh.
The purchase of Merlin Business Centre coincides with an expansion of MCR’s team in Scotland. Fiona Paton has joined as a Business Centre Manager while Graham Evans, formerly of Osborne+Co, has been appointed Acquisitions & Development Manager, alongside former Knight Frank surveyor Rhu Wishart.
