Evans Randall to develop €582m U.K. technology park

Evans Randall Investors has signed a joint venture agreement with HORIBA MIRA to become the exclusive developer for the £500 million (€582 million/$690 million) MIRA Technology Park.

MIRA Technology Park (MTP) is at the forefront of the automotive industry’s transition to a sustainable future as a globally recognized cluster location within the sector, with an unrivaled reputation for engineering, R&D, world-class facilities and testing infrastructure. Located in the heart of the United Kingdom’s Midlands automotive sector, the park currently extends to more than 850 acres and provides employment to more than 1,000 skilled engineers.

Evans Randall Investors will now oversee the next phase of development at MTP, which will see it expand across two neighboring sites located either side of the A5. The project will deliver up to 4 million square feet of new space, encompassing R&D, office and industrial facilities.