04 March 2014
The first signs of leading business estate developer MEPC’s presence at Silverstone Circuit are now clear for all to see – quite literally – with new signage indicating the first steps of the company’s visionary project to redevelop over two million square feet of land around the legendary British Formula 1 Grand Prix venue.
MEPC has acquired the Silverstone Park Estate which runs the perimeter of Silverstone Circuit and, in the process, has become landlord to more than 50 companies already on site. During the next decade in line with the approved planning consent MEPC plans to turn the estate into a home to more than 100 leading high-performance and vehicle engineering companies and, in doing so, create some 4000 jobs.
In the past few weeks the Park’s main office at the Silverstone Park Innovation Centre, has taken on fresh and prominent MEPC Silverstone Park insignia as the first phase of foundations for the project are laid. Internally the building also now sports a refurbished reception area, estate office and meeting rooms.
“This is just the first visible sign of what is coming to Silverstone Park,” commented MEPC Chief Executive Rick de Blaby. “Very soon much of the landscape surrounding the innovation centre and its access off the Dadford Road will start to change in both look and feel as we start to implement improved access to the Park. By the end of March we will have also begun a £12 million investment project to bring an increased supply of water, gas and electricity to the site.”
He added: “In just the few months since our taking over of Silverstone Park was announced, the response from tenants has been hugely positive with many speaking of a renewed sense of community.”