MCR PROPERTY OFFLOAD FULLY LET HUNTINGDON INDUSTRIAL SITE FOLLOWING REFURBISHMENT

Leading UK developer and investor, MCR Property Group, has successfully sold the fully refurbished and fully let industrial development, ‘Lola House’ at 18 Glebe Road, Huntingdon, formerly the headquarters of iconic racing car brand, Lola Cars.?

The sale follows the completion of a single-phase speculative refurbishment project which transformed the 65,000 sq ft site into a high-quality industrial space, now occupied by a range of established tenants.

The redevelopment saw the large industrial complex divided into seven separate occupational units with spacious external yard areas. Tenants now on site include Advanced Composites & Engineering Technology (ACE), Multimatic, and Parker Motor Services (trading as The Parts People), providing a strong and diverse occupier base.

Martin Brown, Asset Management Director at MCR Property Group, commented: "The successful sale of 18 Glebe Road reflects our confidence in the industrial market and our commitment to delivering high-quality refurbished spaces that meet market demand. By speculatively investing in this site, we’ve been able to attract well-established tenants and add significant value to the local area."

The sale of the Huntingdon development further strengthens MCR Property Group’s track record in acquiring and repositioning secondary and sub-prime industrial assets. Following a successful 2024, MCR is now focusing on strategic acquisitions in Q1 2025, targeting strong locations across the UK for future industrial and commercial projects.

Martin Brown added: "As we move into 2025, we remain focused on expanding our portfolio by identifying new opportunities in strong economic locations across the UK. Our flexible, market-driven approach ensures we continue to deliver value for both occupiers and our long term investment."

With over 5 million sq ft of industrial and commercial space under management, MCR Property Group continues to establish itself as a leader in redeveloping and repositioning industrial assets across the UK. The company’s pipeline of acquisitions and speculative refurbishment projects ensures sustained momentum into 2025 and beyond.