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Silverstone agrees development deal

Industry

Silverstone agrees development deal

By alley - Sep 11, 2013, 8:09 AM ET

Silverstone has announced a deal with property company MEPC to develop land around the British Grand Prix venue.MEPC has paid $50 million for a 999-year lease on the circuit's industrial estate and surrounding land on which planning permission has already been granted. The agreement does not affect the circuit itself....

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