Evans Randall Investors has signed a joint venture agreement with automotive engineering firm Horiba Mira to become the exclusive developer for the Mira Technology Park in the West Midlands.
The developer will take forward the next development phase at the park, in Nuneaton, which will see it deliver up to 4m sq ft of new space with a total GDV of up to £500m. This will include R&D, office and industrial facilities.
The park currently measures more than 850 acres and staffs more than 1,000 engineers.
Evans Randall will work alongside local development manager Swanvale Developments to deliver the scheme.
The jv said its plans to expand the park are “fuelled by a revolution in mobility technologies” spanning electric vehicle development, cleantech fuels such as hydrogen, emerging autonomous and connected car technologies and the associated growth of AI and robotics.
Ned Williams, managing director of Evans Randall Investors, said: “Our partnership with Horiba Mira presents an exceptional opportunity to deliver a significant R&D development that will have a positive impact on the West Midlands, the UK and beyond.”
Tim Nathan, managing director of Mira Technology Park, said: “The automotive sector is at the beginning of profound technical and commercial change and MTP’s new association with Evans Randall Investors will enable us to capitalise on the market opportunities this revolution presents.”
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