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MEPC plc
MEPC plc is a leading British-based property investment and development business. It is headquartered in London. 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 the British Telecom Pension Fund and the Royal Mail Pension Fund.
==History==
The business was founded by Claude Moss Leigh in 1946 as the ''Metropolitan Estates & Property Corporation''.〔(Regen.net: Money List 2008 )〕 Having started as a property investment business it diversified into the development of shopping malls in the 1970s.〔(General Growth to buy eight shopping centres from MEPC ) New York Times, 22 April 1998〕 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 British Telecom Pension Fund and GE Capital. In 2003 GE Capital sold its investment to the British Telecom Pension Fund.〔(Harrold heralds start of new era at MEPC: Hermes man outlines new business plan for developer ) Property Week, 24 October 2003〕 Since then the Royal Mail Pension Fund has acquired a substantial shareholding.〔(MEPC plc: Investors )〕
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, 15th August 2014〕
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