www.mrp.co.uk
Hammersmith Road Kensington, London
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
2.25m Square Feet
Hotel
10,500 Homes
25,000 Beds Student Acc.
12,800 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
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
Storeys 6
Completed Aug 2022
Planning Status Approved
Funding Status Secured
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, customer experience and 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.
Artwork commissioned by Temper Studio
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
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
Storeys 12
Completed Jul 2021
Planning Status Approved
Funding Status Secured
Hotel
Development Pipeline
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
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
Queen Street
The Queen Street PBSA development received unanimous planning approval at the December 2024 Belfast Planning Committee for 821 student beds, ancillary accommodation and associated ground floor retail.
The scheme is centrally located in Belfast City Centre in an area undergoing significant urban regeneration and will act as a catalyst for the transformation of the area, providing centrally located, high-quality and competitively priced student accommodation across 8 upper floors.
PBSA Beds
Storeys 9
Est. Commencement Q2 2025
Planning Status Approved
Funding Status Seeking
Morrison Street
Planning consent has been secured for the development of a 256 bed Clayton hotel in the heart of Edinburgh city centre. 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. The hotel will include a restaurant, ground floor bar, a gym and business facilities.
Hotel Beds 256
Storeys 9
Est. Commencement Q4 2025
Planning Status Approved
Funding Status Seeking
Hotel
LONDON
Kensington Olympia
MRP purchased this site located next to the Kensington Olympia Exhibition Centre in 2023 and are currently in planning for a mixed-use development consisting of a c. 80,000 sq. ft NIA Life Science building and a 10 storey 427 bed Hotel scheme. This exciting mixed use development will commence in late 2025. Hotel Beds
Storeys 10
Est. Commencement Q4 2025
Planning Status Submitted
Funding Status Seeking
Mixed-Use
NOTTINGHAM
Queens Road (Phase 2)
A hybrid residential development comprising a broad mix of 382 build-to-rent and shared living accommodation units.
The building will reach up to 17 storeys on a prominent corner in central Nottingham featuring extensive high quality, communal residential amenity space supplemented with publicly accessible ground floor co-working space and café.
BTR Apartments 382
GDV £75m
Storeys 17
Est. Commencement Q1 2026
Planning Status Submitted
Funding Status Seeking
BELFAST Corporation Street
Prime city centre residential development opportunity with planning approval for an 18 storey, 298 unit Build to Rent Units 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 public transport hubs. A major investment in the city, the scheme will help to address Belfast’s critical housing shortage and provide much-needed public realm upgrades.
BTR Apartments
298
GDV £82m
Storeys 18
Est. Commencement Q3 2026
Planning Status Approved
Funding Status Seeking
200 Renfield Street
200 Renfield Street is a large city centre block at the top of Renfield Street. The proposed development plans include a 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 studios, including associated resident amenity, the first of its kind proposed in Glasgow.
PBSA Beds 391
Co-Living Beds 162
GDV £97m
Storeys 19
Est. Commencement Q3 2026
Planning Status Pre-App
Funding Status Seeking
BRISTOL
Houlton Street
A prime city centre mixed use development in the heart of Bristol, conveniently located next to Cabot Circus shopping centre, and 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.
PBSA Beds
Social/Affordable
Storeys 20
Est. Commencement Q3 2026
Planning Status Pre-App
Funding Status Seeking
South Shore Road
Prominent river front residential development opportunity on the banks of the River Tyne with planning permission for 162 Build to 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.
BTR Apartments 162
GDV £35m
Storeys 12
Est. Commencement Q1 2027
Planning Status Approved
Funding Status Seeking
Public/Private Partnerships
Weavers Cross
Weavers Cross is a transport led mixed-use regeneration project in Belfast city centre. MRP have been appointed by Translink as Development Partner to develop this once in a generation piece of city placemaking.
Spanning approximately 1.5 million square feet of space across ten plots and with an estimated Gross Development Value 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.
GEA Square Feet 1.5 million
GDV £500m
Storeys up to 19
Est. Commencement Q4 2026
Planning Status Approved
Funding Status Seeking
Weavers Cross surrounds Belfast Grand Central Station, developed and operated by Translink, a £340m flagship investment project which is the largest integrated transport facility on the island of Ireland.
The station and wider development site is of strategic importance to NI and will be a key driver of greener economic growth for Belfast and beyond.
Belfast Grand Central Station became fully operational in the autumn of 2024. The station is expected to accommodate 20 million passenger journeys per annum and enhances local and international connectivity on all bus and rail journeys alongside active travel.
There is also a new hourly Enterprise service between Grand Central Station and Connolly Station in Dublin along with direct links to all the major airports.
Weavers Cross is a Regeneration Through Reconnection project, reconnecting the city locally, nationally and internationally.
Sustainability is at the forefront of the project, through intelligent building design, energy conservation, material use and consideration of footfall and traffic. Furthermore, all buildings within the project will be fully electric, and therefore benefit from 100% renewable energy tariffs.
Belfast Grand Central Station
The Sixth
The Sixth is a major redevelopment project that will bring the iconic former Belfast Telegraph building back into active use.
Delivered by BelTel LLP, the first joint venture by Belfast City Council with a private developer, MRP, this 233,000 sq. ft mixed-use scheme has achieved planning for state-of-theart workspace, and active ground floor uses such as cafés, restaurants and retail. NIA Square Feet
Storeys 8
Est. Commencement Q2 2026
Planning Status Approved
Funding Status
Seeking
Designed by Stirling Prize winning architectural practice Allford Hall Monaghan Morris (AHMM), the wellbeing and experience of its users are at the core of its design.
Floorplates will offer up to 30,000 sq. ft of flexible Grade A office accommodation over 7 floors with high-specification IT connectivity and technological features.
The scheme will deliver the first running track within an office development in the city, located on the roof level, in addition to multiple terraces and extensive wellbeing and green travel facilities.
This prime mixed-use development has the flexibility to be brought forward in phases in a variety of uses, to include but not limited to, Hotel / Leisure, Life Science, Grade A office and Residential.
The Sixth presents a rare opportunity to deliver a world-class commercial development which emphasises quality and heritage-led design with the capability to deliver flexibly in phases that contributes to the economic regeneration and the fabric of Belfast’s rich history.
Investment Assets Example Projects
Drury Works
161 Drury Lane is a flagship office building in the heart of Covent Garden. MRP will restore, reuse, and retrofit the current building 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.
NIA Sq Ft 12,000
Storeys 6
Completing Q3 2025
Status Under 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
Kildress House
Kildress House was originally developed over 35 years ago by MRP as a three-storey office block and following significant 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.
NIA Sq Ft 22,000
Storeys 5
Completed May 2024
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
ROYAL LEAMINGTON SPA
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
Office
Strategic 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.
Funding/Occupier Status Open for Discussion
Est. Construction Commencement Site acquired Sept 2022
Acres
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
Funding/Occupier Status Open for Discussion
Est. Construction Commencement Site assembly commenced 2019
Acres
£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
17-19 Dungannon Road
Cookstown
Northern Ireland
BT80 8TL
+44 (0) 28 8676 3741
London Office
161 Drury Lane
London UK
WC2B 5PN
+44 (0) 20 7224 4900