Evans Randall Investors and HORIBA MIRA have completed the acquisition of an additional 40 acres of development land at MIRA Tech Park (MTP) in Nuneaton.
The deal secures the last phase of the £500m North Site masterplan of MTP and brings the total North Site to more than 1m sq ft.
Ned Williams, managing director of Evans Randall Investors, said: “This land acquisition is the final piece of the puzzle, allowing us to deliver the North Site masterplan. MIRA Tech Park has strong momentum, with a substantial number of pre-lets on new facilities driven by the scale of demand for space within the park. This is first and foremost a reflection of the quality of the units and the second-to-none engineering talent pool on site. We are proud to be working alongside HORIBA MIRA to realise the full potential of MTP as a national centre of excellence for technology, R&D and advanced manufacturing.”
Tim Nathan, chief operating officer of HORIBA MIRA, added: “This acquisition is a significant step forward in the continued evolution of MIRA Tech Park. Working alongside Evans Randall Investors, we’re delivering on a shared vision to create a campus that accelerates innovation and supports the future of mobility and clean tech technologies.”
Jai Patel, co-head of real estate debt at ICG, which funded the acquisition, said: “We are pleased to grow our established relationship and funding partnership with Evans Randall and HORIBA MIRA as they build on their success with further expansion and future phases at Mira Technology Park. In line with our strategy of backing leading real estate owners and managers, we look forward to contributing to the delivery of new sustainability-driven assets across this pioneering innovation and technology park.”
