MCR Property Group has acquired a key site in Colchester, with a view to creating modern commercial premises which will support businesses in the area.
Systematic Business Park currently spans 5.47 acres and benefits from an established commercial area, located off Old Ipswich Road. The site will undergo a £6.8 million renovation project funded by MCR Property Group.
MCR aims to provide high quality, new build, modern industrial assets to suit the needs of light industrial and warehouse operators. Key features of the proposed units include a 10% allocation for offices, eaves height of 8m, ample loading space, and an attractive and contemporary appearance to provide visual interest. HGV access will be available to each unit, and the site will feature 161 parking spaces.
Harry Ladds, Asset Manager at MCR Property Group said: “Systematic Business Park is a great addition to our investment programme. Colchester is experiencing great levels of investment and growth. Adding new commercial spaces will support the growth of the area, and lead to additional opportunities for the local economy. We are working hard to follow the latest industrial trends and requirements, and our goal is to provide optimal spaces for the growing industrial sector.”
Colchester is a popular town for commuters, 65 miles from central London, and currently undergoing a £3 billion+ development drive, which MCR can both benefit from and contribute to.
MCR Property Group’s acquisition of Systematic Business Park is the latest of six since the start of 2022, as the firm seeks to expand its current commercial portfolio.
