MCR Property Group has announced that it has completed the acquisition of Broadway Park in Edinburgh
The company said that the move advances the national investment and development of its strategy of expanding its UK office portfolio through targeted regional acquisitions.
Situated on a prominent 6.5-acre site between Edinburgh city centre and the airport, Broadway Park comprises four modern, three-storey buildings totalling 147,272 sq ft of high-quality office accommodation. The existing tenant, Aberdeen, will remain in situ, maintaining the park’s strong occupancy profile and stable income base.
Nick Lake, fund director at MCR Property Group, commented, “Broadway Park is a superb business campus that fits perfectly within our growing national portfolio. It provides flexible, modern workspace in a strategic West Edinburgh location, bridging the city’s core business district and its international gateway.
“Edinburgh continues to demonstrate one of the UK’s most stable and forward-looking office markets, supported by strong financial, professional, and technology sectors. Broadway Park is ideally positioned to benefit from that sustained strength.”
The acquisition adds to MCR’s growing presence across Scotland, where the group already owns and operates several major office parks in Glasgow – including The Pentagon Centre, which serves as its regional base.
Nick continued, “As we expand our Scottish operations, our focus remains on strategic acquisitions that strengthen our presence across key regional markets. Scotland continues to represent a significant growth opportunity for us, and we’re actively pursuing further assets that align with our value-add investment approach and our ability to move quickly when the right opportunities arise.”
Rob Haynes, investment manager at MCR Property Group, added, “We’re seeing excellent momentum across Scotland, with strong demand for quality, flexible workspace and a healthy pipeline of opportunities in both Edinburgh and Glasgow. One of MCR’s key strengths is our ability to transact swiftly and decisively – Broadway Park is a perfect example of how we can execute deals efficiently while maintaining a long-term focus on adding value and driving performance.”
