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...
Full Story »
Full Story »
You May Also Be Interested In...
Alonso needs to improve 'trust level' in Alpine car
Fernando Alonso says he needs to better understand Alpine's A521,...
3y ago from F1i.com
Bottas ‘couldn't trust rear' amid worst dry Q3...
Valtteri Bottas says he lacked trust from the rear of his Mercedes W12...
3y ago from MotorsportWeek.com
Bottas “couldn’t trust the rear” of his Mercedes...
Valtteri Bottas says he “couldn’t trust the rear end” of his...
3y ago from Crash.net
Bottas laments Mercedes balance: I couldn't trust the...
Article To news overview © Mercedes Despite topping both practice...
3y ago from RacingNews365.com
Elsewhere On The Network
Popular On MGPToday.com
How Martin will follow in Rossi's footsteps if he wins...
No description available...
9h ago from Motorsport.com
Why retiring Aleix Espargaro can take pride in his...
No description available...
8h ago from Motorsport.com
Stoner: Marquez/Bagnaia rivalry will be decided by who...
No description available...
15h ago from Motorsport.com
Dani Pedrosa pens one-year extension as KTM MotoGP...
Dani Pedrosa has signed a new one-year deal to remain as Red Bull KTM's...
11h ago from MotorsportWeek.c...
Popular On IndyCarToday.com
AJ Foyt technical director Michael Cannon leaves team
Michael Cannon, AJ Foyt Racing’s revered engineer and technical...
6h ago from MotorsportWeek.c...
The testing parity problems plaguing the most...
No description available...
5h ago from Motorsport.com
Chip Ganassi Racing announces driver development...
Chip Ganassi Racing has launched a new driver development program, which...
4d ago from MotorsportWeek.c...
Shwartzman makes IndyCar switch with Prema for 2025
No description available...
1w ago from Motorsport.com
Popular On TotalWRC.com
Hyundai's 2025 WRC car will feature "reasonable...
No description available...
1d ago from Motorsport.com
What Lancia needs to do to transform its rally return...
No description available...
6d ago from Motorsport.com
Popular On GunnersToday.com
Arsenal transfer news: Arteta 'determined to...
Arsenal manager Mikel Arteta is reportedly seeking to strengthen his...
4h ago from SportsMole.co.uk
45 appearances: £20m talent ready to leave Arsenal in...
Jakub Kiwior is ready to push for a move away from Arsenal during the...
2h ago from CaughtOffside.com
David Coote video: Alleged Jurgen Klopp leak 'a...
Arsenal expert Charles Watts is struggling to see how David Coote can...
3h ago from SportsMole.co.uk
Where are they now: Arsene Wenger's last five Arsenal...
All about the last five signings of former Arsenal manager Arsene Wenger...
3h ago from SoccerSouls.com
Comments
Hottest News
Newey and Aston Martin twist as shock IMMEDIATE exit...
Formula 1 team Aston Martin have made a shock... Read More »
6h ago from GPFans.com
IMMEDIATE exit causes Newey Aston Martin twist as F1 boss...
Formula 1 team Aston Martin have made a shock... Read More »
1h ago from GPFans.com
F1 fans fume at Hamilton’s Michael Schumacher tribute
Lewis Hamilton has sparked controversy among... Read More »
2h ago from GPFans.com