MEPC puts Birchwood Park on the market
BIRCHWOOD Park business park near Warrington has been put on the market as part of a £400m asset sale.
Developer MEPC has instructed JLL to market 123-acre Birchwood along with Chineham Park, Basingstoke and Hillington Park, Glasgow.
MEPC is backed by Hermes Real Estate which is understood to be keen to reinvest in specialist science parks.
Chris Ireland of JLL is leading the sale of the parks which have not been traded in the last 20 years.
Chris Taylor, chairman of MEPC and chief executive of Hermes Real Estate, said: “MEPC will focus on its remaining core assets and will continue to look for new development led opportunities, capitalising upon its proven ability to anticipate future occupational requirements, like its recent acquisition of Silverstone.”