News Details
McLaren headquarters sold to add short-term funds
The McLaren Group have sold their Woking headquarters to US-based investors, and their facility will then be leased back to the team moving forward. The McLaren Technology Centre had been on the market for several months, with property company Global Net Lease paying £170million for the 840,000 square foot area. McLaren will now operate on a leaseback deal on their headquarters for the next 20 years at least, which will add funds to the team in the short-term after they lost significant revenue in 2020 due to the COVID-19 pandemic. 'We are excited to announce that this world-class facility will become part of the GNL portfolio,' said James Nelson, CEO of Global Net Lease. 'The McLaren...
Full Story »
Full Story »
4y ago from PlanetF1.com
0
You May Also Be Interested In...
McLaren sells Woking headquarters to US real estate...
The McLaren Group has agreed to sell its Woking industrial campus to US...
4y ago from F1i.com
US-based GNL agrees £170m deal to purchase McLaren...
US-based Global Net Lease (GNL) has agreed a £170 million deal to...
4y ago from MotorsportWeek.com
McLaren's Woking headquarters has been sold
Article To news overview © McLaren McLaren's Technology Centre in Woking...
4y ago from RacingNews365.com
Seidl: Several of our competitors have taken a step...
Andreas Seidl has urged his McLaren colleagues to remain 'focused'...
4y ago from GrandPrix247.com
Elsewhere On The Network
Popular On MGPToday.com
Enea Bastianini in, Franco Morbidelli out for MotoGP...
No description available...
10h ago from Motorsport.com
Marco Bezzecchi reveals cause of ‘disappointing’...
Marco Bezzecchi revealed “braking more softly” may have been the...
12h ago from MotorsportWeek.c...
What riders are back on the MotoGP grid for Czech GP?
No description available...
1d ago from Motorsport.com
German GP signs deal to remain on MotoGP calendar...
The organisers of the German GP have announced that the race will remain...
1d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Taylor Barnard rejected McLaren IndyCar and WEC offers...
Taylor Barnard has turned down the chance to race for Arrow McLaren in...
6h ago from MotorsportWeek.c...
IndyCar Iowa – Race 1 Results
The first race of IndyCar’s double-header weekend from Iowa Speedway...
5h ago from MotorsportWeek.c...
Ed Carpenter Racing announces new Westfield...
No description available...
1d ago from Motorsport.com
Why it isn’t “unrealistic” for Alex Palou to...
No description available...
1d ago from Motorsport.com
Popular On TotalWRC.com
Franco Colapinto is still fighting Alpine’s...
No description available...
8h ago from Motorsport.com
How Driver Lounge plans to deliver ultimate Schumacher...
No description available...
12h ago from Motorsport.com
Sudden failure forces Adrien Fourmaux out of Rally...
No description available...
8h ago from Motorsport.com
Rally Portugal criticism forces WRC, FIA to rethink...
No description available...
8h ago from Motorsport.com
Popular On GunnersToday.com
Surprise PL club interested in signing player wanted...
Wolverhampton Wanderers are reportedly planning a summer raid for Real...
3h ago from SportsKeeda.com
Crystal Palace open to cash plus swap deal offer with...
Crystal Palace are reportedly open to a cash plus player bid for Arsenal...
4h ago from SportsKeeda.com
Arsenal hold serious talks to sign Bayern Munich star...
According to German media outlet Bild (via Metro), Arsenal are considering...
6h ago from SportsKeeda.com
Report: Arsenal beat Liverpool and Manchester City to...
Arsenal look set to win the race for one of England’s most talked-about...
9h ago from FreshArsenal.com
Comments
Hottest News
Christian Horner's HEARTBREAKING response to which F1 team...
Axed Red Bull team principal Christian Horner... Read More »
7h ago from GPFans.com
Lewis Hamilton can FINALLY get elbows out for Ferrari at...
Lewis Hamilton is not meant to finish P4. The... Read More »
6h ago from GPFans.com
Martin Brundle signals key reason behind shock Christian...
Red Bull caused a stir earlier this month with... Read More »
7h ago from RacingNews365.com
