McLaren has put its Woking headquarters up for sale in an attempt to strengthen its balance sheet against the ongoing impact of the COVID-19 pandemic. One of the world’s most iconic motorsport HQs, the property has been in McLaren’s hands since it was built in 2004. However, reports now indicate that the British company has begun marketing a sale-and-leaseback for GBP 200 million (about Rs 1,880 crore).
- Sale of McLaren’s Woking office expected to earn about Rs 1,880 crore
- The company will lease the property back from the buyer over a period of years
The Woking HQ comprises three buildings – the original McLaren Technology Centre, the newer McLaren Production Centre (primarily used for manufacturing McLaren Automotive road cars), and the McLaren Thought Leadership Centre. All three buildings are part of the proposed sale-and-leaseback.
Should a buyer be found,…