McLaren sells its Woking headquarters for £ 170m

McLaren sells its Woking headquarters for £ 170m

April 21, 2021 0 By autotimesnews

The buyer was the investment company GNL.

The British supercar manufacturer has sold its Woking headquarters to investment company GNL for £ 170 million, according to published figures. The building will be at the disposal of the buyer in the second half of this year.

It is reported that one of the conditions of the sale was the obligation of McLaren to rent the premises over the next 20 years. The decision to sell was made in September last yea. The reason for the sale was a pandemic and a sharp drop in brand sales.

In addition, McLaren had to lay off 1,200 employees from its automotive and racing divisions last May, and took out a £ 150 million loan from the Bahrain National Bank. Recall that the McLaren headquarters in Woking was built in 2004. In 2010, the building was certified by the Carbon Trust Standard and became known as one of the most modern and advanced buildings in the world.