MRP Development Overview

Hammersmith Road Kensington, London

Developing the future. Together. www.mrp.co.uk

Who We Are MRP is the Property Development and Investment arm of McAleer & Rushe.

We specialise in the creation and management of high-quality developments throughout the UK & Ireland, focusing on the office, residential, hotel and student sectors.

Established 1967

Offices London Cookstown Belfast Dublin

Office

Residential

2.25m

10,500

Square Feet

Homes

Hotel

Student Acc.

25,000

12,800

Beds

Residences

Recently Completed

NOTTINGHAM

Queens Road (Phase 1) A new build mixed-use development on a brownfield site in Nottingham city centre across two buildings.

‘The Place’, has officially opened its doors to students in the first project that MRP has directly funded and brought to market as both developer and owner.

The 409-unit development offers a mix of ensuite and studio residences, complemented with generous amenity spaces, including a gym, private dining room, study and breakout areas, and a 360° rooftop terrace and sky lounge, offering spectacular panoramic views of the city.

PBSA Beds

409

GDV

£50m

Storeys

11

Completed

Aug 2024

Planning Status

Approved

Funding Status

Secured

PBSA

COVENTRY

PBSA

Cannon Park Cannon Park is a unique 780bed purpose-built student accommodation development in a residential area close to Warwick and Coventry Universities. The building’s sustainability strategy is multifaceted. From its low energy thermal envelope and lighting to air source heat pumps.

The innovative design of this scheme has student wellbeing at its centre, which creatively connects students to its nature rich surroundings.

It provides an outstanding living experience with extensive indoor and outdoor community hub spaces, private dining rooms, study rooms, bikes, an equipped gym and more.

PBSA Beds

780

GDV

£100m

Storeys

6

Completed

Aug 2022

Planning Status

Approved

Funding Status

Secured

Office

LEEDS

City Square House Occupying a pivotal site in Leeds City Centre, adjacent to Leeds train station, the 12-storey building comprises of 138,000 sq. ft of Grade A office accommodation and completes the regeneration of Leeds’s major civic space, City Square.

Achieving BREEAM Excellent and EPC ‘A’ ratings, along with WiredScore Platinum Certification, City Square House is a low-carbon, low-energy, technologically enhanced development with large flexible floorplates of up to 16,000 sq. ft.

NIA Square Feet

138,000

GDV

£90m

Storeys

12

Completed

May 2024

Planning Status

Approved

Funding Status

Secured

City Square House is 1 of only 5 WiredScore Platinum buildings in Leeds, holding an incredible score of 100, providing technology excellence and a sustainable environment to tenants.

Sustainability and wellbeing are at the heart of the design of City Square House, which has been designed with the evolution of the workplace in mind, where technology,

Artwork commissioned

customer experience and

by Temper Studio

location intersect to offer unrivalled office space.

The building features a double height entrance reception, common areas, multiple terraces and extensive cycling, electric vehicle and e-bike charging point facilities.

City Square House is currently 85% pre-let to DLA Piper, Markel Insurance and Barnett Waddingham. City Square House is retained as an investment asset within the group.

B E L FAST

Office

The Ewart Dating back to 1860, the Grade B+ listed, historic building has been sensitively restored to its former glory and transformed to physically connect to a contemporary high specification 17-storey tower at its rear.

The Ewart’s unique characteristics such as its stone façade and copper domes have been retained within the restoration to ensure its heritage is protected for future generations.

Achieving a BREEAM Excellent rating, operational zero waste to landfill, 124 cycle parking spaces, solar PV roof panels and a green energy tariff for all occupants, The Ewart is one of Belfast’s most efficient offices.

NIA Square Feet

213,000

GDV

£85m

Storeys

17

Completed

Apr 2022

Planning Status

Approved

Funding Status

Secured

GLASGOW

Maldron Renfrew Street Construction of the first Maldron brand hotel in Scotland, comprising 300 bedrooms centally located within the business district of Glasgow, which was forward funded by Aberdeen Standard.

The 12-storey hotel achieved a BREEAM Very Good rating and includes a bar, restaurant business suite and gym facilities. The hotel has been designed with red and blonde sandstone along with red and buff brick.

Hotel Beds

300

GDV

£40m

Storeys

12

Completed

Jul 2021

Planning Status

Approved

Funding Status

Secured

Hotel

Development Pipeline

BIRMINGHAM

Vita Gough Street A new high-quality student accommodation development comprising of 540 VITA Student residences, generous common areas and landscaped external spaces.

Designed to achieve a BREEAM Very Good rating, the building will also provide over 200 cycling parking spaces, along with outdoor terraces and a rooftop outdoor area on Level 29. Additionally, a roof terrace on Level 10 will include a bio-green roof garden.

Construction has commenced on site with completion due in August 2026.

PBSA Beds

540

GDV

£80m

Storeys

29

Completing

Q3 2026

Planning Status

Approved

Funding Status

Secured

PBSA

GLASGOW

Broadway Central A new build mixed-use development on a brownfield site in Glasgow city centre across two buildings, with the 4-star 300 bed Maldron already delivered in 2021.

The PBSA element of the scheme will deliver 432 units within a 16-storey building to also include amenity spaces at ground floor and upper level.

Construction commenced onsite September 2024 with delivery by August 2026.

The accommodation is designed to prioritise environmental sustainability, targeting BREEAM Excellent and an EPC ‘A’ rating.

PBSA Beds

432

GDV

£83m

Storeys

16

Est. Commencement

Q3 2024

Planning Status

Approved

Funding Status

Seeking

PBSA

B E L FAST

PBSA

Queen Street

The Queen Street PBSA development received unanimous

PBSA Beds

821

planning approval at the December 2024 Belfast Planning

GDV

£120m

Storeys

9

Est. Commencement

Q2 2025

The scheme is centrally located in Belfast City Centre in an

Planning Status

Approved

area undergoing significant urban regeneration and will act

Funding Status

Seeking

Committee for 821 student beds, ancillary accommodation and associated ground floor retail.

as a catalyst for the transformation of the area, providing centrally located, high-quality and competitively priced student accommodation across 8 upper floors.

EDINBURGH

Morrison Street Planning consent has been secured for the development of a

Hotel Beds

256

256 bed Clayton hotel in the heart of Edinburgh city centre.

GDV

£95m

Storeys

9

Est. Commencement

Q4 2025

The hotel will include a restaurant, ground floor bar, a gym and

Planning Status

Approved

business facilities.

Funding Status

Seeking

Construction will commence Q4 2025 with PC expected Q4 2027. The existing building will be stripped back to frame and fully reclad with three additional storeys added to the existing frame.

Hotel

LONDON

Hotel Beds

427

Life Science NIA Square Feet

80,000

GDV

£260m

Storeys

10

mixed-use development consisting of a c. 80,000 sq. ft NIA Life

Est. Commencement

Q4 2025

Science building and a 10 storey 427 bed Hotel scheme. This

Planning Status

Submitted

Funding Status

Seeking

Kensington Olympia MRP purchased this site located next to the Kensington Olympia Exhibition Centre in 2023 and are currently in planning for a

exciting mixed use development will commence in late 2025.

Mixed-Use

NOTTINGHAM

Residential

Queens Road (Phase 2) A hybrid residential development comprising a broad mix of 382

BTR Apartments

382

build-to-rent and shared living accommodation units.

GDV

£75m

Storeys

17

The building will reach up to 17 storeys on a prominent corner in central Nottingham featuring extensive high quality, communal

Est. Commencement Q1 2026

residential amenity space supplemented with publicly accessible

Planning Status

Submitted

ground floor co-working space and café.

Funding Status

Seeking

Residential

B E L FAST

Corporation Street Prime city centre residential development opportunity with

BTR Apartments

298

planning approval for an 18 storey, 298 unit Build to Rent Units

GDV

£82m

Storeys

18

scheme which includes extensive amenity space, a landscaped courtyard area and multiple residents roof terraces. Its location with ample travel connectivity, is in close proximity to active and

Est. Commencement Q3 2026

public transport hubs. A major investment in the city, the scheme

Planning Status

Approved

will help to address Belfast’s critical housing shortage and

Funding Status

Seeking

provide much-needed public realm upgrades.

GLASGOW

Mixed-Use

200 Renfield Street 200 Renfield Street is a large city centre block at the top of

PBSA Beds

391

Renfield Street. The proposed development plans include a

Co-Living Beds

162

GDV

£97m

Storeys

19

studios, including associated resident amenity, the first of its kind

Est. Commencement

Q3 2026

proposed in Glasgow.

Planning Status

Pre-App

Funding Status

Seeking

new majority cluster led 391 bed PBSA building with resident amenity, and ground floor commercial. The second building comprises 162 co-living units with a balanced mix of clusters and

BRISTOL

Mixed-Use

Houlton Street A prime city centre mixed use development in the heart of Bristol,

PBSA Beds

500

conveniently located next to Cabot Circus shopping centre, and

BTR/Co-Living

170

Social/Affordable

55

GDV

£180m

Storeys

20

in close walking distance to Temple Meads train station. The development will be the first major project of the new Frome Gateway framework which is a regeneration plan for the surround area between St Jude’s and St Paul’s.

Est. Commencement Q3 2026 Planning Status

Pre-App

Funding Status

Seeking

Residential

G AT E S H E A D

South Shore Road Prominent river front residential development opportunity on the

BTR Apartments

162

banks of the River Tyne with planning permission for 162 Build to

GDV

£35m

Storeys

12

Rent units. The 12 storey development includes studios of one and two bed accommodation with extensive resident’s amenity space, parking and a landscaped roof terrace.

Est. Commencement Q1 2027 Planning Status

Approved

Funding Status

Seeking

Public/Private Partnerships

B E L FAST

Weavers Cross Weavers Cross is a transport led mixed-use regeneration project

GEA Square Feet

1.5 million

in Belfast city centre. MRP have been appointed by Translink as

GDV

£500m

Storeys

up to 19

Development Partner to develop this once in a generation piece of city placemaking.

Est. Commencement Q4 2026

Spanning approximately 1.5 million square feet of space across

Planning Status

Approved

ten plots and with an estimated Gross Development Value

Funding Status

Seeking

of £500M, Weavers Cross is Northern Ireland’s single most ambitious and, crucially, sustainable mixed-use endeavour, comprising grade A office, living, leisure and public realm spaces.

The mixed use commercial and residential development includes Saltwater Square, Worx Innovation Campus and Flax Yards.

Belfast Grand Central Station

Weavers Cross surrounds Belfast Grand Central

There is also a new hourly Enterprise service

Station, developed and operated by Translink, a

between Grand Central Station and Connolly

£340m flagship investment project which is the

Station in Dublin along with direct links to all the

largest integrated transport facility on the island

major airports.

of Ireland.

Weavers Cross is a Regeneration Through The station and wider development site is of

Reconnection project, reconnecting the city

strategic importance to NI and will be a key

locally, nationally and internationally.

driver of greener economic growth for Belfast and beyond.

Sustainability is at the forefront of the project, through intelligent building design, energy

Belfast Grand Central Station became fully

conservation, material use and consideration

operational in the autumn of 2024. The station is

of footfall and traffic. Furthermore, all buildings

expected to accommodate 20 million passenger

within the project will be fully electric, and

journeys per annum and enhances local and

therefore benefit from 100% renewable energy

international connectivity on all bus and rail

tariffs.

journeys alongside active travel.

B E L FAST

The Sixth The Sixth is a major redevelopment project that will bring the

NIA Square Feet

230,000

iconic former Belfast Telegraph building back into active use.

GDV

£100m

Storeys

8

Delivered by BelTel LLP, the first joint venture by Belfast City Council with a private developer, MRP, this 233,000 sq. ft

Est. Commencement Q2 2026

mixed-use scheme has achieved planning for state-of-the-

Planning Status

Approved

art workspace, and active ground floor uses such as cafés,

Funding Status

Seeking

restaurants and retail.

Mixed-Use

Designed by Stirling Prize winning architectural

This prime mixed-use development has the

practice Allford Hall Monaghan Morris (AHMM),

flexibility to be brought forward in phases in

the wellbeing and experience of its users are at

a variety of uses, to include but not limited to,

the core of its design.

Hotel / Leisure, Life Science, Grade A office and Residential.

Floorplates will offer up to 30,000 sq. ft of flexible Grade A office accommodation over 7

The Sixth presents a rare opportunity to deliver

floors with high-specification IT connectivity and

a world-class commercial development which

technological features.

emphasises quality and heritage-led design with the capability to deliver flexibly in phases that

The scheme will deliver the first running track

contributes to the economic regeneration and

within an office development in the city, located

the fabric of Belfast’s rich history.

on the roof level, in addition to multiple terraces and extensive wellbeing and green travel facilities.

Investment Assets Example Projects

LONDON

Office

Drury Works 161 Drury Lane is a flagship office building in the heart of Covent

NIA Sq Ft

12,000

Garden. MRP will restore, reuse, and retrofit the current building

Storeys

6

Completing

Q3 2025

Status

Under

to transform it into a modern, energy efficient Grade A office space. This includes replacement of the current 4th floor facade and adding a new 5th floor, alongside alterations to the ground floor appearance.

Construction

Construction Progress February 2025

The project is targeting BREEAM Excellent rating, and a range of sustainability features have been incorporated into the design.

MRP and McAleer & Rushe will occupy one of the six floors as our London HQ with the remaining floors let to external businesses.

BRIGHTON

Portland Building Brighton’s newest office in the heart of the town centre.

The building provides 30,000 sq.ft of Grade A office space and is 75% let to 3 tenants with one 6,800 sq. ft floor remaining. Tenants include Close Brothers, Inizio Evoke and DMH Stallard. The building benefits from sea views from the available floor and communal roof terrace. With a dedicated cycle ramp, cycle storage, maintenance stand, lockers, showers and a drying room, the building provides all the amenities modern occupiers require.

Sustainability credentials include EPC ‘A’ rating, BREEAM Excellent, PV panels for on-site energy generation and extensive living green walls and roofs throughout.

NIA Sq Ft

30,000

Storeys

5

Completed

May 2024

Office

DUBLIN

Kildress House Kildress House was originally developed over 35 years ago by

NIA Sq Ft

22,000

MRP as a three-storey office block and following significant

Storeys

5

Completed

May 2024

investment, has transformed into a six-storey Grade A office development providing 22,200 sq. ft of prime workspace. The project is designed by renowned architects Henry J Lyons.

The LEED Gold certified building features eye catching glazed elevation allowing abundance of natural light and is finished to the highest specification.

Office

TUNBRIDGE WELLS

Office

Heathervale House Heathervale House is a five-storey Grade A office building located in Royal Tunbridge Wells town centre, an affluent commuter town, south east of London. Exceptional South East location, situated less than a 5-minute walk from Tunbridge Wells rail station which provides direct access to London Charing Cross with 4 trains running every hour. The 28,510 sq. ft building is fully let to a single tenant, Thomson Snell & Passmore LLP, a law firm who have been located in Tunbridge Wells for over 450 years. The building was refurbished in 2019, purpose built for the tenant achieving an outstanding EPC rating of ‘A’.

NIA Sq Ft

28,510

Storeys

5

Office

R OYA L L E A M I N GTO N S PA

Kantar Building The subject property is prominently located on Tachbrook Park, an established business park two miles south of Royal Leamington Spa town centre. Tachbrook Park is Royal Leamington Spa’s premier office location, attracting high profile national and international occupiers, such as Tata Technologies, Calor Gas, Wright Hassell and Co-op Energy.

NIA Sq Ft

48,371

Storeys

3

Strategic Land

RUANBEG

Land

Kildare Town 27 acre residential development land known as Ruanbeg, Kildare Town ideally located in 30 minute commuting distance to Dublin. The site is positioned on the edge of Kildare town beside the Curragh Plains one of the oldest and most extensive tract of semi-natural grassland in Europe.

The development proposals comprise 295 residential houses, duplexes and senior living units.

Kildare town benefits greatly from transport infrastructure links directly to Dublin via Train, M7 motorway and regular buses. The lands are currently zoned “Phase 2 Residential” and a planning application has been prepared in anticipation of re-zoning to Phase 1.

Acres

27

GDV

€130m

Funding/Occupier Status

Open for Discussion

Est. Construction Commencement

Site acquired Sept 2022

N AVA N

Navan Town Centre MRP has assembled a strategic 22.27 acre site in at Navan town centre Zoned ‘Objective B1 – Commercial/Town or Village Centre’, which seeks ‘to protect, provide for and/or improve town and village centre facilities and uses’. The lands are identified under the Meath County Development Plan as the future expansion of Navan town centre and location for the new train station which will extend from Dunboyne to Navan.

MRP are working in close collaboration with Meath County Council to develop a masterplan for the site and surrounds that will facilitate the basis for future planning applications. This diverse site could deliver in upwards of 700 new homes, other forms of residential, health care, commercial and leisure facilities. Navan is within 30minutes communing distance via M3 motorway, however the new rail extension will improve these times are reduce commuters reliance on cars.

Land

Acres

22

GDV

€TBCm

Funding/Occupier Status

Open for Discussion

Est. Construction Commencement Site assembly commenced 2019

£2bn GDV Development Pipline

£300m Current Projects GDV

£500m GDV AUM

£20m AUM Income

Contact Details Don’t hesitate to get in touch if you have questions or projects that align with our capabilities. We welcome discussions and opportunities for collaboration that match our expertise.

Head Office

London Office

17-19 Dungannon Road

161 Drury Lane

Cookstown

London

@MRPInvDev

Northern Ireland

UK

www.mrp.co.uk

BT80 8TL

WC2B 5PN

enquiries@mrp.co.uk

+44 (0) 28 8676 3741

+44 (0) 20 7224 4900

@MRPInvDev www.mrp.co.uk enquiries@mrp.co.uk