A single score for a building's next decade of capital.
The MR Index evaluates a commercial building's capital position across six weighted dimensions and composites them into a single band from MR 1 (minimal requirements) to MR 5 (major intervention). The score tells an allocator the shape of the next decade for a building before they read a single line item.
Every Capital Strategy produces a detailed register of work, cost, and timing across the building. For an owner running the asset, the register is the operational document. For an allocator deciding what to do with the asset, the register is the wrong place to start. What they need first is the shape of the next decade at a glance.
The MR Index gives that shape. It reads the register and places the building somewhere on a scale from MR 1 to MR 5. Everything below is what sits inside the score.
Each dimension asks a different question of the building, and each carries a different weight. The weights reflect what actually drives capital decisions in practice, not what's easiest to measure.
How much of the building's capital programme is driven by the things it cannot defer. The items that keep the asset safe, operational and compliant. A building carrying many unavoidable items scores heavier here regardless of timing.
How confident the view is. A building with a well-kept documentation trail (current drawings, maintenance logs, recent inspections) allows a tighter read than one where records are thin, regardless of the building's age. The Index applies a tier-aware floor here, so the methodology's own conservatism on public-data assessments does not penalise the asset for the absence of private records it was never given.
Whether any single finding reshapes the programme. Some items are so substantial or so time-critical that they rewrite the entire capital plan around them. Gating carries the highest weight in the Index, because one finding of this kind can change the answer regardless of everything else.
How front-loaded the programme is. A building that needs meaningful capital deployed in year one carries different risk than one where spend is distributed across the decade.
Exposure to regulatory obligation. Fire, accessibility, energy performance, heritage, environmental. These items carry timing and legal consequences that don't respond to budget pressure.
Whether the capital burden is spread across the building or sitting in one place. A programme dominated by a single system carries different risk to one distributed across the fabric.
Every building lands in one of five bands. The band is the position summary; what it means for the decade, at a glance.
A building in good condition with limited capital need across the decade. The programme runs in the background; the asset does not dominate the owner's attention.
Normal capital lifecycle spend distributed across systems. A budgetable programme with predictable sequencing. Nothing in the programme rewrites the investment case.
The building carries a defined programme of work across the decade. Several systems reaching their natural replacement point, or a cluster of upgrades that need to be planned together. The asset continues to operate well; the decade ahead needs capital planning rather than reactive spending.
The decade's capital requirement is substantial relative to the asset. Near-term spend is concentrated, unknowns may hide further cost, and individual findings can reshape the programme. Continued operation is viable but needs a committed capital plan.
The building is approaching end-of-life across multiple systems at once, or carries findings that reframe the investment proposition entirely. The capital programme is of a scale that invites a different question: whether the building itself is the right vehicle for the land, the tenants, or the strategic intent.
The MR Index is not a verdict on asset quality, architectural merit, or investment attractiveness. A prime asset in a supply-constrained precinct can score MR 4 or MR 5 and still be an excellent acquisition. A trophy heritage building will almost always carry a heavy score simply because the cost of authenticity is high. The Index measures capital position, not asset value.
The MR Index sits inside every Capital Strategy Moyne Ross produces. See it applied to a real building. View a live strategy or get in touch about your asset.