MEPC plc
Template:Short description Script error: No such module "Unsubst". Template:Use British English Script error: No such module "Infobox".Script error: No such module "Check for conflicting parameters".Script error: No such module "Check for unknown parameters".
MEPC is a British-based property investment and development business. It is headquartered in Milton Park, Oxfordshire. It used to be listed on the London Stock Exchange and was once a constituent of the FTSE 100 Index. It is however now owned by Federated Hermes.
History
The business was founded by Claude Moss Leigh in 1946 as the Metropolitan Estates & Property Corporation.[1] Having started as a property investment business it diversified into the development of shopping malls in the 1970s.[2] It adopted the shortened name of MEPC in 1973. In 1987 it acquired the Oldham Estate.[3]
In 2000 the Company was acquired by Leconport Estates, a joint venture between the British Telecom Pension Fund and GE Capital. In 2003 GE Capital sold its investment to the British Telecom Pension Fund.[4] Since then the Royal Mail Pension Fund acquired a substantial shareholding in MEPC.[5]
In 2014, Hermes Real Estate exchanged on the sale of three MEPC parks in the South East, North West and Scotland: Chineham Park in Basingstoke, Birchwood Park in Warrington and Hillington Park in Glasgow.[6]
Hermes Investment Management acquired MEPC in 2020.[7]
Operations
The Group now focuses its activities on operating four business parks across the UK:[8]
- Milton Park - A business and science park located just outside Oxford near the town of Abingdon
- Wellington Place - A business park located in the city centre of Leeds.
- Silverstone Park - A business park with a focus on engineering and high-tech activities, located on the Silverstone Circuit in Towcester.
References
<templatestyles src="Reflist/styles.css" />
- ↑ Regen.net: Money List 2008
- ↑ General Growth to buy eight shopping centres from MEPC New York Times, 22 April 1998
- ↑ BT Pensioners buy Centrepoint BBC News, 1 June 2000
- ↑ Harrold heralds start of new era at MEPC: Hermes man outlines new business plan for developer Property Week, 24 October 2003
- ↑ MEPC plc: Investors Template:Webarchive
- ↑ Hermes Real Estate confirms sale of three MEPC mixed use parks MEPC, 15 August 2014
- ↑ Script error: No such module "citation/CS1".
- ↑ MEPC plc: Locations Template:Webarchive
Script error: No such module "Check for unknown parameters".