MEPC plc
| Company type | Public |
|---|---|
| Industry | Property |
| Founded | 1946 |
| Headquarters | London, UK |
Key people | Rupert Clarke, Chairman Rick de Blaby, CEO |
| Website | www.mepc.com |
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 Mercantile Property Corporation but quickly changed its name to the Metropolitan Estates & Property Corporation. Having started as a property investment business it diversified into the development of shopping malls in the 1970's. It adopted the shortened name of MEPC in 1973. In 1987 it acquired the Oldham Estate.[1]
In 2000 the Company was acquired by Leconport Estates, a joint venture between the British Telecom Pension Fund and GE Capital. Since then the Royal Mail Pension Fund has acquired GE Capital's shareholding.[2]
Operations
The Group now focuses its activities on operating business parks.