Aneel Mussarat family, wedding pics: 13 facts, age, height, weight, biography, wiki, wife, son, daughter, date of birth, scandal
Aneel Mussarat was born in Manchester in 1970 to Pakistani parents settled in Manchester from Faisalabad city. Aneel was ranked the 466th richest person in the United Kingdom and 21st richest Asian in the UK in 2007 by the Sunday Times. He is founder of MCR Property Group.
After completing high school, Aneel started to buy, renovate and rent out properties in Manchester that were within the range of £10,000 upwards. Aneel worked dedicatedly in his “buy to let” business and found massive success as time passed.
Aneel developed important contacts with the stakeholders of his business. His hard work and commitment earned him good name and reputation among his business peers. Aneel moved up the ladder with time and started managing, constructing and renting out properties through a Private Limited Company named as “Classic Homes”. Due to his success in private housing market, Aneel’s interest expanded into commercial sector. Aneel also specialised in student residences in Manchester, most notably he undertook the “Student Villages” project. He is also famous by the title of “Student Housing Magnate”.
ANEEL Mussarat – the student housing tycoon turned commercial property investor – has bought 21 shops in Bolton for £14.5m.
Mr Mussarat’s MCR Property has bought 21 retail units, totalling 45,000 sq ft, on the pedestrianised Newport Street. The company paid £14.5m to the vendors , Royal London Mutual Insurance , reflecting a net initial yield of 5.54 per cent.
The parade is in the heart of Bolton’s popular shopping district in the town centre. All but one of the units are let with tenants including Martin Dawes , Game , Ann Summers , William Hill and Holland & Barrett .
Mark Hayes, of MCR Property, said: “This latest acquisition follows our recent spate of purchases including the new Cavendish Walk Scheme in Huyton and Clarendon Square Shopping Centre in Hyde and highlights our determination to dramatically increase our presence within the commercial property sector and ultimately double the size of our existing portfolio.”
Mr Hayes continued: “Bolton has seen a great deal of new investment over the last couple of years and with further regeneration of the town planned, we felt that this was an excellent opportunity for us to be able to play our part in its rejuvenation. We are already in serious discussions with a potential occupier for the remaining unit and are confident that we will be able to secure a new letting very soon.”
Whittaker Horton acted for MCR Property. Savills represented Royal London Mutual Assurance Ltd.
It is only nine months since the student housing magnate made his first £43m move into commercial property. Mr Mussarat is well known in the south Manchester and student housing markets.
He lured investment director Mark Hayes from Manchester agency Colliers CRE to head his investment and development portfolio.
What do you think? Have your say.