Monday, April 15, 2024

MIRA Technology Park breaks ground on next phase of development

Following a groundbreaking ceremony that marks the start of the next phase for MIRA Technology Park, Plot 9 has officially begun construction, acting as the inaugural building in this stage.

This next phase will add one million square foot of innovation and engineering facilities to the existing 850-acre site, heralding a new era of growth, larger footprints, and enhanced opportunities for existing occupiers to scale up.

Plot 9 is divided into two units, each providing 36,000 square foot of space to deliver a total area of 72,000 square foot. These units have been designed to offer a blend of workshop and office space, surrounded by natural landscaping and parking.

Sir John Peace, Chairman of the Midlands Engine, said: “This milestone not only represents a significant economic opportunity for the region, with over £60m of high-value employment already present, but also signals a crucial next step in the evolution of both MIRA Tech Park and the global industry it supports.

“This development is a testament to the commitment of fostering innovation, collaboration, and sustainable growth, and is a key asset for the Midlands and UK’s innovation landscape.”

Tim Nathan, Managing Director for MIRA Tech Park, said: “The commencement of this next phase marks a significant step forward in the realisation of our vision and a key milestone unlocking the next phase of the Tech Park.

“We celebrate not only the economic growth this brings but also the spirit of collaboration that has made it possible, further establishing MIRA Tech Park as a globally attractive location and UK national asset.”

Hinckley and Bosworth Borough Council Chief Executive, Bill Cullen said: “The council is delighted to have played its role in the latest expansion of this research and development facility on Mira Technology Park.

“The development marks a significant milestone in the evolution of the park bringing opportunities for more high skilled jobs to the area. Plus making a significant contribution to the local economy.”

This next phase of MIRA Tech Park is being delivered in a joint venture with real estate investor and developer, Evans Randall Investors, with the project delivery managed by Swanvale Developments.

GMI has been appointed as the construction company entrusted with the construction of Plot 9 which is set to achieve strong Environmental, Social, and Governance (ESG) credentials, targeting a BREEAM rating of “Excellent” and an Energy Performance Certificate (EPC) rating of A.

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