UK's MCR Property Group Acquires Manchester 80-Apartment Conversion Project

en.Wedoany.com Reported - MCR Property Group has acquired two Grade II listed warehouses, Mindel House and 11 Bloom Street, on Bloom Street in Manchester from Paragon Property, with plans to convert them into 80 apartments under an approved scheme.

Beech Holdings obtained planning permission in 2020 to convert the two former warehouses into 80 apartments, but construction never commenced. Aneel Mussarat, founder of MCR Property Group, stated that these buildings have seen no development progress for years, and this acquisition marks a new chapter for these historic structures. The team is advancing plans with project consultants, construction partners, and contractors, while working with Manchester City Council to discharge planning and listed building consent conditions.

Mussarat noted that MCR Property Group has a strong track record in delivering complex redevelopment projects and possesses the capability to advance such heritage projects while preserving architectural features. As a Manchester-based company, its goal is to deliver high-quality new homes, ensure the long-term future of these buildings, and make a positive contribution to the surrounding area.

The project team includes Fletcher Rae, TIER, Black Sheep Homes, Paul Butler, Consulux, SOCOTEC, and Peak Sustainability.

Located at the corner of Bloom Street and Minshull Street, near Piccadilly station, the project is one of three conversion schemes in the vicinity. Across Bloom Street, developer Views is advancing plans to convert 42 Bloom Street into 39 apartments; The James has received permission to convert the 77,000-square-foot Chorlton House office building into 261 short-stay apartments.

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