Private equity investor and developer Evans Randall Investors has submitted a planning application for a major expansion of Mira Technology Park (MTP) in the Midlands, UK.
In June 2021, Evans Randall Investors signed a joint venture agreement with Horiba Mira to become the exclusive developer for MTP and oversee the next phase of its development, which, alongside further development of the existing MTP site, will see it expand across 150 acres to the south of the existing cluster.
The proposed Southern Manufacturing Sector will link directly into the existing MTP site, adding an additional 2.3m sq ft, bringing the total size of the development to 3.5 million sq ft. It will significantly increase MTP’s capacity to accommodate large-scale facilities up to 700,000 sq ft.
MTP has been at the vanguard of Europe’s automotive technology industry for over 75 years and was one of the first pioneering R&D developments of the post-war era. The park is already home to over 35 major international companies including Bosch, Polestar, Jaguar Land Rover and Toyota.
James Edwards, managing director of Evans Randall Investors, said: ‘The proposed expansion of Mira Technology Park, which will allow large-scale manufacturing facilities to be developed alongside the existing, globally unique combination of R&D facilities, engineering services and test assets, represents a major step forward in the evolution of this asset and will bring further inward investment to the Midlands region.’
The team will work alongside the local development manager, Swanvale Developments, to deliver the scheme. Stephen George + Partners has acted as master plan architect and Barton Willmore has provided planning consultancy.