Dragon Racing along with six other companies have located to MEPC’s Silverstone Park, the business estate on the Bucks-Northants border, in the first few weeks of 2019. Combined, the seven lettings total 35,000 sq ft of commercial accommodation.
Dragon Racing is a team competing in the world’s premier electric motor racing championship, FIA Formula E. It is the second Formula E team to make Silverstone Park its home – Envision Virgin Racing already occupies over 10,000 sq ft of property on the site.
“We are delighted to have located to Silverstone Park,” commented Dragon Team Manager Gary Holland.
“There’s a lot of innovation and future thinking with the technologies we are developing in Formula E and, importantly, Silverstone Park offers us the correct infrastructure to achieve this.
“The estate is at the heart of the Silverstone Technology Cluster so has an enviable supply of world class engineers and technicians and high-tech and manufacturing expertise which is now right on our doorstep. Its connections to the business community are also first rate.
“For us it is absolutely the place to be if we are to grow and succeed as a business.”
All seven new leases (including Dragon’s) were completed in the first few weeks of 2019, ranging from large industrial units and R&D workshops to office space.
The companies concerned operate in a variety of sectors including high-tech engineering (electric vehicles, motorsport, esports and security), travel/ logistics and recruitment/headhunting. They are: Dragon Racing; Lunaz Design; AF Corse UK; Edge Tech; Pro-vide Global Ltd; Virtually Entertained; Supernova 360 Ltd.
Lunaz Design and AF Corse UK have moved into a total of 22,500 sq ft of industrial premises which form part of MEPC’s latest speculative development totalling 125,000 sq ft and benefit from Enterprise Zone status.
Edge Tech, Pro-vide Global Ltd, Virtually Entertained and Supernova 360 Ltd have taken new flexible leases on serviced offices (260 sq ft to 550 sq ft) in the estate’s Innovation Centre.
Further to this new growth, MEPC has confirmed that all companies with lease breaks and expiries in the first few weeks of 2019 have chosen to stay and grow at Silverstone Park, based on market deals.
MEPC is currently working on a reserved matters application for a further 255,000 sq ft of new accommodation on its development land at the estate, which is already serviced with 21 MVAs of new power and benefits from business rates relief as a result of continuing Enterprise Zone status.
MEPC’s Roz Bird, Commercial Director at Silverstone Park, said: “This latest influx of seven new companies and retention of current occupiers is a great start to 2019, especially following so quickly after more than 40,000 sq ft of property was let to four businesses who located here in August 2018.
“It again highlights how MEPC’s development of the estate in terms of infrastructure, facilities, presentation, networking and connectivity with industry is acting as a magnet for innovative businesses with growth ambitions.
“We are delighted to be working on plans to bring forward further accommodation at Silverstone Park, to meet market demand. Any company interested in the Silverstone Park address is encouraged to make contact and arrange a meeting or viewing.
“We are keen to hear from all companies, including those only scenario planning, and also to find out more about a company’s needs and aspirations for the future, so we can start planning accordingly.”
Local and national letting agents for Silverstone Park are Carter Jonas and DTRE.
Jon Silversides, Commercial Partner at Carter Jonas, enthused: “We are delighted to have played an important role in securing these new occupiers for Silverstone Park.
“Since instruction we have quickly come to appreciate the draw of both Silverstone and the growing technology cluster to occupiers.
“Whilst two of the new occupiers are in the motorsport industry, nevertheless we are seeing growing levels of interest from a much wider scope of companies which bodes well for the future phases of development under consideration. We very much look forward to the next few months as we are able to release plans for these developments.”
DTRE’s Jamie Catherall added: “The latest lettings highlight occupiers’ continued demand for high quality space at Silverstone Park.
“We look forward to welcoming these new occupiers to site and continue to work hard on expanding the Park with more development planned for the near future.”