MCR acquires Moorside in York

The 70,000 sq ft grade A office development is in the Monks Cross area.

CBRE and Carter Towler are agents for the property.

MCR Property Group declined to disclose the amount it paid for the property, which lets out at £14/sq ft.

Tenants of Moorside include Aviva, Garbutt & Elliott, Rollits Solicitors, Portakabin, and Shepherd Group.

Martin Brown, Fund Director at MCR commented: “This is an important acquisition for MCR that strengthens our position, not only in the office sector, but in this part of the country with other active projects in Bridlington and the surrounding area.

“York is a key regional location and is considered to be the commercial hub of Yorkshire, attracting more and more businesses keen to make this thriving city their HQ.

“Our aim is to consolidate Moorside’s position as a key commercial location for now and the future.

“We do have ambitious plans for this site, however, our immediate focus will be to ensure the transition is a positive one for all parties.”