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

Popular On IndyCarToday.com

Will Power turns first IndyCar laps with Andretti at...

IndyCar veteran Will Power completed his first test laps with his new...

Alex Palou delivers takedown of McLaren F1 drivers...

IndyCar champion Alex Palou has delivered a takedown of both McLaren...

Popular On TotalWRC.com

WRC Rally Islas Canarias stays until 2029

WRC Promotor and Rally Islas Canarias have signed a three year extension...
10h ago from MotorsportWeek.c...

Popular On GunnersToday.com

“He’s not going to play” - Tim Sherwood suggests...

Former Premier League manager Tim Sherwood has urged Marc Guehi to snub...
4h ago from SportsKeeda.com

82 Premier League goals: Arsenal almost signed better...

Arsenal must be starting to regret their move to sign Viktor Gyokeres this...
8h ago from CaughtOffside.com

Liverpool and Arsenal tracking forward with £78...

Liverpool and Arsenal are reportedly battling to sign Nico Williams from...
8h ago from SportsKeeda.com

Surprise claim that important Arsenal star 'making...

Arsenal forward Gabriel Martinelli could reportedly be making plans to...
10h ago from CaughtOffside.com

Comments

Hottest News

FIA meeting confirmed amid Mercedes and Red Bull ban fears

The FIA have confirmed that a meeting will take... Read More »
3h ago from GPFans.com

Mercedes axe F1 distraction

Mercedes F1 boss Toto Wolff has confirmed a... Read More »
1h ago from GPFans.com

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.