News Details
McLaren sells Technology Centre in leaseback deal
British F1 team McLaren have finalised the sale of their renowned McLaren Technology Centre and negotiated a leaseback deal for the factory. The 840,000 square foot facility based in Woking has been the subject of months of negotiations – however, a deal was announced on Tuesday which sees the factory sold to Global Net Lease (GNL) for £170m and leased back to McLaren over 20 years. It is anticipated that the deal with GNL is to be completed in the second quarter of 2021 and James Nelson, CEO of GNL, is thrilled to have the facility in his portfolio. 'We are excited to announce that this world-class facility will become part of the GNL portfolio,' said Nelson 'The McLaren Group...
Full Story »
Full Story »
2y ago from FormulaSpy.com
0
You May Also Be Interested In...
McLaren agree to sell MTC in £170m leaseback deal
McLaren has agreed to sell its Woking-based factory, the McLaren...
2y ago from GrandPrix247.com
McLaren agree £170m deal for Technology Centre
Ian Parkes Tuesday 20 April 2021 13:10 McLaren Group has agreed a...
2y ago from GPFans.com
US-based GNL agrees £170m deal to purchase McLaren...
US-based Global Net Lease (GNL) has agreed a £170 million deal to...
2y ago from MotorsportWeek.com
McLaren's Woking headquarters has been sold
Article To news overview © McLaren McLaren's Technology Centre in Woking...
2y ago from RacingNews365.com
Elsewhere On The Network
Popular On MGPToday.com
Bagnaia ‘raced in defence' in COTA with Ducati...
Ducati rider Francesco Bagnaia says he was forced to be in a 'race...
16h ago from MotorsportWeek.c...
‘Unexpected brake problem' behind Marquez COTA...
Gresini Ducati's Marc Marquez has explained that his crash from the lead...
19h ago from MotorsportWeek.c...
Vinales clutch issue had Aprilia “worried” ahead...
No description available...
15h ago from Motorsport.com
How Vinales finally banished his Yamaha MotoGP demons
No description available...
18h ago from Motorsport.com
Popular On IndyCarToday.com
IndyCar tweaks split practice format for Long Beach
No description available...
7h ago from Motorsport.com
Dale Coyne brings in Harvey for additional race in...
Dale Coyne Racing has confirmed that Jack Harvey will be driving for the...
11h ago from MotorsportWeek.c...
Dale Coyne Racing tabs Jack Harvey for GP of Long Beach
No description available...
11h ago from Motorsport.com
Arrow McLaren reveal Long Beach livery for No. 6...
No description available...
13h ago from Motorsport.com
Popular On TotalWRC.com
Toyota to field Ogier and Rovanpera in WRC Portugal...
No description available...
16h ago from Motorsport.com
Why Craig Breen will be remembered for his "heart...
No description available...
2d ago from Motorsport.com
Hyundai to mark Breen anniversary with tribute livery,...
No description available...
3d ago from Motorsport.com
50 years of the ‘Queen of Speed’ Michele Mouton
It has been 50 years since the ‘Queen of Speed’ Michele Mouton debuted...
5d ago from MotorsportWeek.c...
Popular On GunnersToday.com
Exclusive: Fabrizio Romano confirms Arsenal could seek...
There has been some recent Arsenal transfer news involving the Gunners...
28m ago from CaughtOffside.com
Ryan Reynolds wants to secure deal for 22-year-old...
No description available...
8m ago from SportsKeeda.com
Arsenal Transfer News Roundup: Gunners eyeing Viktor...
No description available...
2h ago from SportsKeeda.com
“Not bad for a winger trying to be a striker” -...
No description available...
15h ago from SportsKeeda.com
Comments
Hottest News
F1 News Today: Verstappen and Mercedes in new relationship...
Max Verstappen has opened up about a potential... Read More »
2h ago from GPFans.com
Alonso confirms talks with rival F1 teams
Fernando Alonso's role in the Formula 1 driver... Read More »
27m ago from RacingNews365.com
Who goes where next in F1's most unpredictable driver...
Following Fernando Alonso's decision to extend... Read More »
1h ago from SkySports.com
