Evans Randall Investors has received planning consent for a major expansion of MIRA Technology Park (MTP) in the Midlands.
The approved South Site will offer 2.3m sq ft of manufacturing and industrial facilities, which will complement the extensive R&D facilities and campus at the existing MTP site.
James Edwards, managing director of Evans Randall Investors, said: “We are excited to move forward with our plans for the expansion of MIRA Technology Park. The new South Site will further consolidate MTP’s status as a globally significant cluster with the ability to deliver a broad range of large-scale manufacturing, production and industrial facilities between 250,000 sq ft and 1m sq ft.
“Consents of this scale and flexibility in such a sought-after location are rare, and with macroeconomic and geopolitical factors continuing to highlight near-shoring and supply chain resilience as crucial strategic considerations for businesses, we are confident in capturing the continuing upward trajectory in occupier demand.”
Tim Nathan, managing director of MIRA Technology Park, added: “We look forward to bringing the exciting vision for the expansion of MIRA Technology Park to its next stage with Evans Randall Investors. Over the past few years, we have seen a surge of investment in automotive and renewable energy transition, and the consented proposals for the South Site will further solidify the park’s position at the forefront of the UK’s R&D, engineering and production capabilities.”
Cushman & Wakefield is letting agents for MTP. Evans Randall Investors will deliver the scheme alongside local development manager Swanvale Developments. Stephen George + Partners acted as masterplan architect and Stantec provided planning consultancy.
