News Details

McLaren's Woking headquarters has been sold

Article To news overview © McLaren McLaren's Technology Centre in Woking has found a buyer, just a few months after the team put their impressive campus on the market. The intention was to sell the Technology Centre to a new owner, and then lease the facility back to ensure continuity as well as free up some money in the short-term as teams look to find ways to reduce expenses. Global Net Lease, a US-based real estate investment trust company, have bought the Technology Centre, which includes the headquarters of McLaren's Automotive, Racing and Applied divisions. They have paid £170 million for the 840,000 square foot campus, with the leaseback agreement with McLaren set for 20 years....
Full Story »
Share

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

Riccardo: I’ve got to swallow my pride

Emilia Romagna Grand Prix – McLaren’s Daniel Ricciardo has said...
4y ago from FormulaSpy.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

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

Jonathan Rea explains why ‘mental management’ will...

Jonathan Rea believes Toprak Razgatlioglu's chances of success in MotoGP...
15h ago from MotorsportWeek.c...

Popular On IndyCarToday.com

Popular On TotalWRC.com

Kalle Rovanpera returns to WRC with Subaru

Double WRC Champion Kalle Rovanpera is set to return to the WRC next year...

Popular On GunnersToday.com

‘Like a ball of poison’: Mikel Arteta admits to...

t;li>Arteta claims defeat will haunt him for ‘next 30...
7h ago from TheGuardian.com

Mikel Arteta provides fitness update on 3 Arsenal...

Arsenal boss Mikel Arteta has provided a fitness update on Noni Madueke,...
10h ago from SportsKeeda.com

'Really good news' – Mikel Arteta provides...

Arsenal manager Mikel Arteta has provided a positive injury update on Noni...
15h ago from CaughtOffside.com

Carabao Cup final pain will only make Arsenal better,...

Arsenal must learn the lessons from their Carabao Cup final loss to Man...
13h ago from SkySports.com

Comments

Hottest News

Recent News


2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.