MEPC plc

MEPC
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

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.