MEPC is a

British British may refer to: Peoples, culture, and language * British people, nationals or natives of the United Kingdom, British Overseas Territories, and Crown Dependencies. ** Britishness, the British identity and common culture * British English, ...

-based property investment and development business. It is headquartered in

Milton Park Milton Park is a mixed use business and technology park in Oxfordshire, England, operated by MEPC plc. It is just south of the village of Milton, about west of Didcot. It is on the site of a former Ministry of Defence depot between the A34 ...

, Oxfordshire. It used to be listed on the

London Stock Exchange London Stock Exchange (LSE) is a stock exchange in the City of London, England, United Kingdom. , the total market value of all companies trading on LSE was £3.9 trillion. Its current premises are situated in Paternoster Square close to St Pau ...

and was once a constituent of the

FTSE 100 Index The Financial Times Stock Exchange 100 Index, also called the FTSE 100 Index, FTSE 100, FTSE, or, informally, the "Footsie" , is a share index of the 100 companies listed on the London Stock Exchange with (in principle) the highest market ...

. It is however now owned by the

British Telecom BT Group plc (trade name, trading as BT and formerly British Telecom) is a British Multinational corporation, multinational telecommunications holding company headquartered in London, England. It has operations in around 180 countries and is th ...

Pension Fund and the

Royal Mail , kw, Postya Riel, ga, An Post Ríoga , logo = Royal Mail.svg , logo_size = 250px , type = Public limited company , traded_as = , foundation = , founder = Henry VIII , location = London, England, UK , key_people = * Keith Williams ...

Pension Fund.

History

The business was founded by

Claude Moss Leigh Claude Moss Leigh (17 May 1888 – 19 January 1964) was a pioneer of social housing in the United Kingdom and the founder of MEPC plc, one of the United Kingdom's largest property companies. Career The son of London surveyor, Claude Leigh initiall ...

in 1946 as the ''Metropolitan Estates & Property Corporation''. Having started as a property investment business it diversified into the development of shopping malls in the 1970s. It adopted the shortened name of ''MEPC'' in 1973. In 1987 it acquired the ''Oldham Estate''.BT Pensioners buy Centrepoint
BBC News, 1 June 2000 In 2000 the Company was acquired by ''Leconport Estates'', a joint venture between the

Pension Fund and

GE Capital GE Capital is the financial services division of General Electric. The company currently only runs one division, GE Energy Financial Services. It had provided additional services in the past; however, those units were sold between 2013 and 2018 ...

. In 2003

sold its investment to the

Pension Fund. Since then the

Pension Fund acquired a substantial shareholding in MEPC. 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.Hermes Real Estate confirms sale of three MEPC mixed use parks
MEPC, 15 August 2014 Hermes Investment Management acquired MEPC in 2020.

Operations

The Group now focuses its activities on operating four business parks across the UK:MEPC plc: Locations
*

- A business and science park located just outside

Oxford Oxford () is a city in England. It is the county town and only city of Oxfordshire. In 2020, its population was estimated at 151,584. It is north-west of London, south-east of Birmingham and north-east of Bristol. The city is home to the ...

near the town of Abingdon *Wellington Place - A business park located in the city centre of

Leeds Leeds () is a city and the administrative centre of the City of Leeds district in West Yorkshire, England. It is built around the River Aire and is in the eastern foothills of the Pennines. It is also the third-largest settlement (by populati ...

. *Silverstone Park - A business park with a focus on engineering and high-tech activities, located on the Silverstone Circuit in

Towcester Towcester ( ) is an affluent market town in Northamptonshire, England. It currently lies in West Northamptonshire but was the former administrative headquarters of the South Northamptonshire district council. Towcester is one of the oldest ...

References

External links

Official WebsiteSilverstone Park
{{Authority control Companies based in Oxfordshire Real estate companies established in 1946 Companies formerly listed on the London Stock Exchange British companies established in 1946 Property companies of the United Kingdom 1946 establishments in England 2020 mergers and acquisitions