McLaren gears up for £200m sale and leaseback

McLaren Group is planning to sell and lease back its landmark headquarters in Surrey for up to £200m. The Formula 1 team owner has appointed Colliers International on the deal for its McLaren Campus in Woking. The 84-acre location includes a technology centre, production centre – where the brand’s supercars are hand-built – and thought leadership centres. These were designed by Foster & Partners. The group comprises British supercar maker McLaren Automotive, Formula 1 and IndyCar team McLaren Racing and technology business McLaren Applied. Robert Campkin, head of corporate capital solutions at Colliers, said: “This is a rare opportunity to acquire a high-profile asset in a core M25 location with long-term occupancy of 20 years.” McLaren will use the proceeds to shore up its finances. The group is part way through a wide-ranging refinancing strategy. To send feedback, e-mail pui-guan.man@egi.co.uk or tweet @PuiGuanM or @estatesgazette Photo © 2020 copyright McLaren