 | |
| 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.
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]
The Group now focuses its activities on operating four business parks across the UK: [8]
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