McLaren Group is planning to sale and leaseback of its global UK headquarters in Woking, Surrey for up to £200 million.
The McLaren Campus is the global headquarters of the McLaren Group which is the home to the luxury British supercar maker McLaren Automotive, Formula 1 and IndyCar team McLaren Racing and technology business McLaren Applied.
The McLaren Campus comprises the McLaren Technology Centre, McLaren Production Centre where the brand’s supercars are hand-built, and the McLaren Thought Leadership Centres. All are Foster & Partners designed, Grade A buildings and set sensitively in 84 acres of landscaped grounds on the fringes of Horsell Common.
Commenting on the announcement, a spokesperson for McLaren Group said:
“The potential sale and leaseback of our global headquarters and the appointment of banks to advise us on a debt refinancing and equity raise are part of the comprehensive refinancing strategy that we announced earlier this year. Building on the shorter-term measures that we put in place over the summer, these initiatives will deliver a stronger balance sheet and ensure that McLaren Group has a sustainable platform for long-term growth and investment.
“The proposed sale and leaseback mirrors best practice among leading companies and will have no impact on our day-to-day operations. The McLaren Campus, comprising the McLaren Technology Centre, McLaren Production Centre and the McLaren Thought Leadership Centre, is an iconic, world-class facility that will remain our home in the future.”
McLaren Group has appointed Colliers International on the sale and leaseback agreement for this high-profile asset.
Robert Campkin, Head of Corporate Capital Solutions for Colliers International said: “The proposed sale and leaseback of the McLaren Campus offers a unique opportunity to acquire an award-winning, state-of-the-art, globally renowned and iconic headquarters site, which is let to the McLaren Group. This is a rare opportunity to acquire a high-profile asset in a core M25 location with long-term occupancy of 20 years. Such an iconic campus will undoubtedly be an attractive opportunity for global investors right now.”
