MCR Property Group has secured a £250m revolving senior secured credit facility with Pollen Street.
The facility will back MCR’s next round of UK acquisitions and development projects.
It gives the group more financial flexibility, allowing it to move quickly on value-add opportunities, including residential, purpose-built student accommodation (PBSA), commercial, and mixed-use assets.
The wider capital framework could support up to £1bn of future investment across the portfolio in the UK.
The agreement with Pollen Street is set to help MCR speed up its acquisition pipeline and expand across the UK’s key regions.
David Tracey (pictured), chief operating officer at MCR Property Group, 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.”
Tracey added: “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.”
Bevans added: “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.”
