MEPC, the asset manager and developer of Silverstone Park, has revealed artist’s impressions of how it will develop the business estate on land next to the Silverstone Formula 1 Grand Prix circuit.
Construction work has commenced on 14 new speculative industrial units for high-tech engineering companies, totalling 125,000sq-ft. The units are arranged as two self-contained buildings and two terraces and range in size from 5,000sq-ft to 25,000sq-ft.
The imminent opening of a state-of-the-art metrology facility in the Silverstone Park Innovation Centre – in collaboration with world-leading company Hexagon Manufacturing Intelligence – will add to the site’s offer, attracting local and global precision engineering companies in a variety of sectors including motorsport and medical devices.
Each property will sit in newly landscaped grounds adjacent to the already successful Buckingham Road units which have proved popular with many premier engineering firms and motor racing teams.
“This exciting new phase of development at Silverstone Park reflects the growing success of businesses involved in the high-tech sector. Demand for high quality business premises is now significantly outstripping supply not only at Silverstone Park but in the surrounding regions,” explained James Watson, associate partner at letting agent DTRE. “Since MEPC purchased Silverstone Park, we have been delighted with the level of take up at the existing Buckingham Road units and are confident of some exciting announcements to follow shortly. We’re open for business and would be delighted to open dialogue with any potentially interested party.”