McLaren puts Woking headquarters up for sale. Exclusive: McLaren plans to sell stake in F1 team to secure future. Under Construction. Offices and Headquarters. Transport and Infrastructure. Health and Education. Industrial and Research. Industrial Design. Hospitality and Leisure. Mixed Use. Urban Design. Environmental Engineering. Structural Engineering. Urban Design and Landscape. Workplace Consultancy. Specialist Modelling Group.
Materials Research Centre. Design Communications. Visualisation and Film. Project Management. Construction Review. About us. McLaren is thought to have been seeking million British pounds from the sale.
Why the sale? Prior to the onset of the pandemic, McLaren had amassed significant loans to expand its business as well as buy out former shareholder Ron Dennis. When the pandemic hit, the loss of revenues meant McLaren struggled to pay creditors. McLaren then received a rescue loan of million British pounds in June from majority owner Bahrain.
McLaren also sold a third of its Formula One team last December to raise cash. The good news is that McLaren looks to be on the rebound. Its F1 team is currently third in the Constructors' Championship and the automotive side has just introduced a new generation of hybrid supercars in the form of the Artura. Manufacturer offloads , square foot factory Sale gives McLaren instant cash to reinvest in the company Formula One team and automotive manufacturer McLaren has agreed to the sale and leaseback of its Woking-based factory, known as the McLaren Technology Centre MTC.
McLaren has agreed the sale and leaseback of its Formula One and automotive factory. Stay up to date with the latest sports business news and insights.
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