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 the British Telecom Pension Fund and the Royal Mail Pension Fund.
 | |
| Company type | Subsidiary |
|---|---|
| Industry | Property |
| Founded | 1946 |
| Headquarters | Milton Park |
Key people | Chris Taylor, Chairman James Dipple, CEO |
| Products | Business Parks |
| Parent | Federated Hermes |
| Website | www.mepc.com |
History
editThe 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
editThe 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
edit- ^ 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 Archived 28 December 2008 at the Wayback Machine
- ^ Hermes Real Estate confirms sale of three MEPC mixed use parks MEPC, 15 August 2014
- ^ January 2020, Razak Musah Baba16. "Hermes takes over property developer MEPC from BT pension scheme". Real Assets. Retrieved 14 January 2021.
{{cite web}}: CS1 maint: numeric names: authors list (link) - ^ MEPC plc: Locations Archived 6 January 2009 at the Wayback Machine