Aneel Mussarat
Encyclopedia
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.
Aneel developed important contacts with the stakeholders of his business. His hard work and commitment earned him good name and reputation and with his business relations. Aneel moved up the ladder with time and started managing, constructing, renting out properties through a Private Limited Company named as "Classic Homes". Aneel's interest developed further with success and he continued to expand his business further into residential and from residential to commercial sector. Aneel also specialised in student residences in Manchester and the best known of the projects known as "Student Villages" were undertaken by him. He is also famous by the title of "Student Housing Magnate".
of the group is very high. The Group has already achieved its target of £300m before the due date.
The group now has set a target of £500m for 2020 and is well on the way.
MCR Properties is not a company that is generally well regarded by tennants and has had a series or problems of late, including receivership, low ratings from tennants in consumer reviews and a series of environmental health issues and concerns for the safety of tennants in MCR properties in Manchester including flooding issues and a lack of fire safety regulations in MCR's Manchester based property portfolio. MCR were fined £14,479 for the breaches of fire safety at the Grafton street flats.
Manchester
Manchester is a city and metropolitan borough in Greater Manchester, England. According to the Office for National Statistics, the 2010 mid-year population estimate for Manchester was 498,800. Manchester lies within one of the UK's largest metropolitan areas, the metropolitan county of Greater...
in 1970 to Pakistani parents settled in Manchester from Faisalabad
Faisalabad
Faisalabad , formerly known as Lyallpur, is the third largest metropolis in Pakistan, the second largest in the province of Punjab after Lahore, and a major industrial center in the heart of Pakistan. Before the foundation of the city in 1880, the area was very thinly populated. The population has...
city. Aneel was ranked the 466th richest person in the United Kingdom
United Kingdom
The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...
and 21st richest Asian in the UK in 2007 by the Sunday Times. He is founder of MCR Property Group.
Classic Homes
After completing high school, Aneel Mussarat engaged in collecting rent and managing properties that his family owned. Despite having bitter experiences with tenants, Aneel found interest in this sector and decided to engage completely in the property business. 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 and with his business relations. Aneel moved up the ladder with time and started managing, constructing, renting out properties through a Private Limited Company named as "Classic Homes". Aneel's interest developed further with success and he continued to expand his business further into residential and from residential to commercial sector. Aneel also specialised in student residences in Manchester and the best known of the projects known as "Student Villages" were undertaken by him. He is also famous by the title of "Student Housing Magnate".
Group success
The goodwillGoodwill (accounting)
Goodwill is an accounting concept meaning the value of an entity over and above the value of its assets. The term was originally used in accounting to express the intangible but quantifiable "prudent value" of an ongoing business beyond its assets, resulting perhaps because the reputation the firm...
of the group is very high. The Group has already achieved its target of £300m before the due date.
The group now has set a target of £500m for 2020 and is well on the way.
MCR Properties is not a company that is generally well regarded by tennants and has had a series or problems of late, including receivership, low ratings from tennants in consumer reviews and a series of environmental health issues and concerns for the safety of tennants in MCR properties in Manchester including flooding issues and a lack of fire safety regulations in MCR's Manchester based property portfolio. MCR were fined £14,479 for the breaches of fire safety at the Grafton street flats.