Silverstone has managed to wipe the slate clean on a number of financial commitments with the news today that they have concluded a deal with property company MEPC to develop land around the circuit.
The deal sees MEPC pay £32 million for a 999-year lease on a range of land assets including the existing circuit industrial estate and several large packages of land around the circuit which have existing planning permission in place.
The agreement does not affect the circuit or its associated buildings and resources.
