McLaren sells its Technology Center at a high price

197 million and trifles, it's the tidy sum that will pocket McLaren in connection with the sale and transfer of commercial lease of its opulent Technology Center in Woking.

The lucky buyer is the American company Global Net Lease (GNL), a real estate investment company listed on the New York Stock Exchange (NYSE). “The McLaren Group's state-of-the-art headquarters buildings have won numerous awards for their design by renowned architect Norman Foster, and are the type of net-leased properties that make up the range of estates owned by GNL”, explained this Tuesday, April 20, James Nelson, CEO of GNL.

The British manufacturer had built the megastructure under the aegis of Ron Dennis in the early 2000s for his team of Formula 1 as well as its new antenna dedicated to sports cars.

But rest assured, McLaren is not going to move in a hurry. The engaging team Lando Norris et Daniel Ricciardo in Formula 1 in 2021 will still work in the Technology Center for the next 20 years.

This announcement comes a year after Zak Brown's public statements. The CEO of McLaren admitted that his company was looking for new investors, even before the Covid-19 crisis intervened.

Last December, the partial sale of the team with eight Manufacturers' titles and 12 Drivers' crowns was recorded for 202 million euros. “The sale and leaseback of our global headquarters and the appointment of banks to advise us on debt restructuring and fundraising are part of a comprehensive refinancing strategy announced earlier this year”, the McLaren group then explained in an official press release.