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Atelier finances MCR’s Glasgow student conversion
12 November 2026 | Financing | UK | 288 beds | Development
MCR Property Group has secured development funding to convert a former office building into student accommodation for the 2027/28 academic year.
Key details
Asset type | Development |
Location | Location Glasgow, UK |
Capacity | 288 beds |
Borrower | MCR Property Group |
Lender | Atelier |
Value | Undisclosed |
Source: BE NEWS
The 16‑month facility supports 163 studios and 125 cluster bedrooms, with Flow Student appointed to operate the completed scheme. The conversion will also provide study and social spaces, a gym and a cinema.
Strategic context
Atelier previously financed MCR’s Parham Student Village in Canterbury, providing a £32.7 million facility in March to refinance and refurbish the existing residence. The Glasgow project extends that relationship into office conversion, adding accommodation to MCR’s Flow Student platform.
Converting an existing structure offers a way to expand student supply, but the works still need to meet the planned academic intake.
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