MEPC plc
{{Short description|Property company of the United Kingdom}}
{{Use dmy dates|date=January 2016}}
{{Use British English|date=January 2016}}
{{Infobox company
| name = MEPC
| logo = MEPClogo.png
| type = Subsidiary
| foundation = 1946
| location = Milton Park
| key_people = Chris Taylor, Chairman
James Dipple, CEO
| industry = Property
| products = Business Parks
| revenue =
| operating_income =
| net_income =
| num_employees =
| parent = Federated Hermes
| owner =
| subsid =
| homepage = [http://www.mepc.com www.mepc.com]
| slogan =
| footnotes =
}}
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.[http://www.regen.net/careers/features/821591/Money-List-2008/#19 Regen.net: Money List 2008] Having started as a property investment business it diversified into the development of shopping malls in the 1970s.[https://query.nytimes.com/gst/fullpage.html?res=940DEFDE163FF931A15757C0A96E958260 General Growth to buy eight shopping centres from MEPC] New York Times, 22 April 1998 It adopted the shortened name of MEPC in 1973. In 1987 it acquired the Oldham Estate.[http://news.bbc.co.uk/1/hi/business/773288.stm BT Pensioners buy Centrepoint] BBC News, 1 June 2000
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.[http://www.accessmylibrary.com/coms2/summary_0286-19478285_ITM Harrold heralds start of new era at MEPC: Hermes man outlines new business plan for developer] Property Week, 24 October 2003 Since then the Royal Mail Pension Fund acquired a substantial shareholding in MEPC.[http://www.mepc.com/Investors/Ownership.aspx MEPC plc: Investors] {{webarchive|url=https://web.archive.org/web/20081228090424/http://www.mepc.com/Investors/Ownership.aspx |date=28 December 2008 }}
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.[http://www.mepc.com/media/hermesrealestateconfirmssaleofthreemepcmix.aspx?year=2014 Hermes Real Estate confirms sale of three MEPC mixed use parks] MEPC, 15 August 2014
Hermes Investment Management acquired MEPC in 2020.{{Cite web| last = January 2020| first = Razak Musah Baba16| title = Hermes takes over property developer MEPC from BT pension scheme| work = Real Assets| access-date = 2021-01-14| url = https://realassets.ipe.com/news/hermes-takes-over-property-developer-mepc-from-bt-pension-scheme/10043250.article}}
Operations
The Group now focuses its activities on operating four business parks across the UK:[http://www.mepc.com/Property/Locations.aspx MEPC plc: Locations] {{webarchive|url=https://web.archive.org/web/20090106153847/http://www.mepc.com/Property/Locations.aspx |date=6 January 2009 }}
- 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
{{reflist}}
External links
- [http://www.mepc.com Official Website]
- [https://silverstone-park.com/ Silverstone Park]
- [https://www.4walls.io/ 4walls]
{{Real estate in the United Kingdom}}
{{Authority control}}
Category:Companies based in Oxfordshire
Category:Real estate companies established in 1946
Category:Companies formerly listed on the London Stock Exchange
Category:British companies established in 1946
Category:Property companies of the United Kingdom