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The MCD approach can be summarised as:
- Innovation to understand opportunities/relationships and ways of unlocking them (e.g. Edgbaston CC, Essex CC and Coventry)
- Well connected and respected amongst central and local government/public agencies based on past performance (e.g. Islington Gates and Brindley House with British Waterways)
- Structuring deals and the product to minimise peak equity and maximise both the number and flexibility of exit options
- Quietly delivering whilst maintaining a profile respectful of the partners/purchasing structure
- Securing opportunities quickly and often off market after “ blue chip/PLCs” have become entrenched with the challenges
- Maximising value through commercial and planning innovation (e.g. MCD doubled the size of Edgbaston from the planning secured by Redrow)
- Genuine mixed use developer comfortable in delivering residential, commercial, retail and hotels to maximise value
- Creating bespoke and imaginative solutions which maximise commercial, community and environmental benefits
Existing Portfolio
MCD are amongst the very few property developers that adopt a commercial/office approach to delivering the residential component of mixed use. This approach has allowed us to deliver valuable new places in City Centres. Our product is still considered to be market leading even where it was completed many years ago. Frustrated by the experience of external managing agents MCD took this function in house with the property that we hold as an investment and as a result have set new levels for efficiency and yield growth.
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