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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 |
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]
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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.
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