News Details
McLaren sells Woking headquarters to US real estate trust
The McLaren Group has agreed to sell its Woking industrial campus to US real estate investment trust Global Net Lease for £170 million. McLaren put the property on the market last year to shore up its finances following a significant downturn in revenue of its automotive and racing operations due to the global COVID-19 pandemic. The contract purchase price for the combined 840,000 square foot three property office and industrial site is £170 million, but includes a 20-year sale-leaseback deal that will allow McLaren to continue to operate out of its Woking headquarters. "We are excited to announce that this world-class facility will become part of the GNL portfolio," commented...
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