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...
2y ago from F1i.com

Riccardo: I’ve got to swallow my pride

Emilia Romagna Grand Prix – McLaren’s Daniel Ricciardo has said...
2y 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...
2y ago from MotorsportWeek.com

Seidl: Several of our competitors have taken a step...

Andreas Seidl has urged his McLaren colleagues to remain 'focused'...
3y ago from GrandPrix247.com

Elsewhere On The Network

Popular On MGPToday.com

Ducati: Bastianini's COTA MotoGP podium an...

Ducati General Manager Gigi Dall’Igna labelled Enea Bastianini's podium...
23h ago from MotorsportWeek.c...

Popular On IndyCarToday.com

Pourchaire to make IndyCar debut in Long Beach with...

Arrow McLaren has announced that the reigning Formula 2 champion Theo...

IndyCar's new Aeroscreen makes early debut at Long...

The NTT IndyCar Series will have teams fit a new version of the Aeroscreen...

Popular On TotalWRC.com

Sebastian Ogier tops Croatia Rally shakedown

Sébastien Ogier announced his return to FIA World Rally Championship...
21h ago from MotorsportWeek.c...

Popular On GunnersToday.com

Premier League gameweek 34: Confirmed team news and...

Sports Mole rounds up every Premier League club's confirmed team news...
1h ago from SportsMole.co.uk

Oliver Glasner wants £40m Premier League midfielder...

Crystal Palace have been linked with a move for Arsenal's Emile Smith Rowe...
1h ago from CaughtOffside.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.