Redwood client, MEPC, the leading manager and developer, has celebrated its 70th anniversary – making it one of the few real estate companies in the UK to reach such a milestone.
The company, which was founded in 1946 by Claude Moss Leigh as the Metropolitan Estates & Property Corporation, celebrated the milestone at an event held on Monday 31 October at The Waldorf Hotel in Covent Garden, London, which was supported by Redwood Consulting.
MEPC manages a portfolio of business park assets on behalf of Hermes Investment Management, the £26 billion manager focussed on delivering superior, sustainable, risk adjusted returns to its clients – responsibly, across the breadth of the country, including: Milton Park in Oxfordshire, Wellington Place in Leeds, Silverstone Park in Northamptonshire and Clyde Gateway in Glasgow.
Redwood secured a profile on MEPC in Property Week’s business & science park supplement to mark the occassion as well as coverage of the event in Estates Gazette’s diary page.
MEPC also recently announced that it has been awarded planning permission for a 110,000 sq ft office and laboratory development at Milton Park, which was the first speculative development to be submitted and approved since the EU referendum. This news also received coverage following an exclusive in Property Week as well as across local and trade media.
Welcoming over 140 guests, the event celebrated the company’s prominent life in the property industry. MEPC’s CEO, James Dipple led the speaker line up, alongside Chris Taylor, Head of Private Markets at Hermes Investment Management.
James Dipple, CEO at MEPC said: “Our 70th anniversary is a significant milestone in our history and development and provides us with an opportunity to reflect on our rich past, and look forward to an exciting future.
“Property is what we know and we continue to enjoy an undeniable presence in the sector, managing over 350 organisations and around 12,000 people working across manufacturing, professional services and cutting-edge science and technology. Importantly, though, we are more than just a landlord – we deliver communities where people can connect, businesses can grow and our customers can achieve their goals.
“Innovation allows us to create places for people, while our imagination shapes our future, ensuring that we are forever forward-thinking in our approach to asset management and development.”
Chris Taylor, Head of Private Markets at Hermes Investment Management, added: “Our relationship with MEPC continues to thrive as we hone our strategic approach to generate sustainable income and optimal capital values across our business park assets.
“Celebrating this milestone is an opportunity to restate the future of MEPC, which is aligned with our shareholders’ requirements. We are looking to deliver new buildings, public realm and placemaking, which will be designed to meet tomorrow’s occupational requirements and driven by powerful forces associated with technology, globalisation, sustainability, urbanisation and demographic lifestyle changes.”
MEPC manages 650 acres of land and 4 million sq ft of accommodation across its portfolio of business parks.