American real estate investment firm, Global Net Lease (GNL), has announced it is acquiring the iconic site of McLaren headquarters in the UK for a whopping £170 million.

mclaren selling its woking headquarters to gnl for £170m

The 840,000 square-foot facility has been home to McLaren’s production cars and F1 team since its construction in 2004. And thankfully, McLaren won’t have to move its operations any time soon. The deal includes a 20-year lease with GNL, meaning that McLaren’s Technology, Production and Thought Leadership centres will remain at Woking for the next two decades.

McLaren has reportedly been looking for a buyer of its stunning headquarters since September, 2020, after the manufacturer took a significant financial hit due to the COVID-19 pandemic. The pandemic caused McLaren to temporarily pause manufacturing of its vehicles, delay the F1 season, and impact car sales around the globe.

The financial realities were so severe for McLaren that in May, 2020, the company cut 1200 jobs from its books in the Applied, Automotive and Racing teams. McLaren also secured a £150 million loan last year through the National Bank of Bahrain, and reportedly used its vast array of classic cars as collateral for an additional £275m in funding.

mclaren selling its woking headquarters to gnl for £170m

GNL’s CEO, James Nelson, has expressed excitement over the purchase of McLaren’s headquarters, stating that its state-of-the-art facilities are the perfect addition to its portfolio. In a GNL statement, Nelson said:

“The McLaren Group headquarters’ state of the art buildings have won numerous awards, were designed by renowned architect Norman Foster, and are the type of mission-critical, net-leased properties that make up the GNL portfolio. We are very pleased to have been able to collaborate and work with the management team of the McLaren Group to effect this transaction.”

In 2010, McLaren’s headquarters earned the company a Carbon Trust Standard certificate due to its technologically advanced and environmentally-friendly design. The facility uses nearby lakes for on-site cooling and has a roof design that can clean itself without needing to drain natural resources.

The transaction expected to be finalised in the second quarter of this year.

Keyword: McLaren selling its Woking headquarters to GNL for £170m

CAR'S NEWS RELATED

Norris rues ‘so many mistakes’ after Abu Dhabi Q3 error

n Lando Norris (GBR) McLaren MCL60. 25.11.2023. Formula 1 World Championship, Rd 23, Abu Dhabi Grand Prix, Yas Marina Circuit, Abu Dhabi, Qualifying Day. Lando Norris rued committing another mistake in qualifying that he’s convinced cost him a certain second place on the grid for Sunday’s Abu Dhabi Grand ...

View more: Norris rues ‘so many mistakes’ after Abu Dhabi Q3 error

F1 Abu Dhabi GP: George Russell heads McLarens as Red Bull struggle in final practice

George Russell set the pace in final practice at F1’s Abu Dhabi Grand Prix as Red Bull unusually struggled. The Mercedes driver was just 0.095s faster than Lando Norris and McLaren teammate Oscar Piastri, who was 0.392s adrift in third. Alex Albon was an eye-catching fourth for Williams, only ...

View more: F1 Abu Dhabi GP: George Russell heads McLarens as Red Bull struggle in final practice

Stella: Mercedes ‘absolutely instrumental’ in McLaren’s 2023 progress

Andrea Stella (ITA) McLaren Team Principal in the FIA Press Conference. 24.11.2023. Formula 1 World Championship, Rd 23, Abu Dhabi Grand Prix, Yas Marina Circuit, Abu Dhabi, Practice Day. – www.xpbimages.com, EMail: [email protected] © Copyright: Batchelor / XPB Images McLaren Team Principal Andrea Stella has said that Mercedes have ...

View more: Stella: Mercedes ‘absolutely instrumental’ in McLaren’s 2023 progress

McLaren ‘well and truly fighting at the front’ in Abu Dhabi

Oscar Piastri (AUS) McLaren MCL60. 24.11.2023. Formula 1 World Championship, Rd 23, Abu Dhabi Grand Prix, Yas Marina Circuit, Abu Dhabi, Practice Day. – www.xpbimages.com, EMail: [email protected] © Copyright: Coates / XPB Images There’s plenty of optimism at McLaren heading into the Abu Dhabi Grand Prix as the team ...

View more: McLaren ‘well and truly fighting at the front’ in Abu Dhabi

Here's Why Everyone At McLaren Loves The 750S' Exhaust

Company reps like to wax poetic on the music coming from that stainless steel organ pipe.

View more: Here's Why Everyone At McLaren Loves The 750S' Exhaust

McLaren and Mercedes renew F1 power unit deal through 2030

Lewis Hamilton (GBR) Mercedes AMG F1 W14 and Lando Norris (GBR) McLaren MCL60 leave the pits. 03.11.2023. Formula 1 World Championship, Rd 21, Brazilian Grand Prix, Sao Paulo, Brazil, Qualifying Day. – www.xpbimages.com, EMail: [email protected] © Copyright: Price / XPB Images The McLaren Formula 1 Team will continue to ...

View more: McLaren and Mercedes renew F1 power unit deal through 2030

Mercedes and McLaren renew power unit agreement

Mercedes and McLaren have renewed their power unit agreement until 2030. The McLaren F1 team will continue to use Mercedes-AMG engines between 2026 and 2030, bringing their partnership to a 26th year. The extension of their agreement means that Mercedes will continue to power McLaren through the new regulations ...

View more: Mercedes and McLaren renew power unit agreement

McLaren commits to Mercedes until 2030 for new F1 engine rules

McLaren will remain a Mercedes engine customer in Formula 1 until 2030. The McLaren-Mercedes union restarted in 2021 having previously ran from 1995 to 2014, and will continue into the next set of engine rules beginning in 2026. McLaren’s return to Mercedes engines in 2021 aided the team’s recovery from ...

View more: McLaren commits to Mercedes until 2030 for new F1 engine rules

Norris: No guarantee ‘unlucky’ Las Vegas GP crash could be replicated

McLaren adds O’Ward to F1 reserve pool for 2024

A McLaren F1 Windshield Costs $33,000 To Replace

Piastri views Hamilton clash in Vegas as ‘an awkward one’

McLaren reveal cause of Norris Las Vegas GP shunt

The 'painful' culprit behind McLaren's sudden fall from grace

Norris: McLaren Vegas GP double Q1 exit ‘not a surprise’

F1 Las Vegas GP: Charles Leclerc takes pole position as Lewis Hamilton, Sergio Perez and McLaren suffer shockers

It Costs $33,000 To Replace A McLaren F1's Windshield

McLaren aim to replicate Red Bull DRS advantage with Vegas update

McLaren drivers divided on team’s chances in Las Vegas GP

The Ford GT90 Concept Would Have Been The McLaren F1's Worst Nightmare

OTHER CAR NEWS

; Top List in the World https://www.pinterest.com/newstopcar/pins/
Top Best Sushi Restaurants in SeoulTop Best Caribbean HoneymoonsTop Most Beautiful Islands in PeruTop Best Outdoor Grill BrandsTop Best Global Seafood RestaurantsTop Foods to Boost Your Immune SystemTop Best Foods to Fight HemorrhoidsTop Foods That Pack More Potassium Than a BananaTop Best Healthy Foods to Gain Weight FastTop Best Cosmetic Brands in the U.STop Best Destinations for Food Lovers in EuropeTop Best Foods High in Vitamin ATop Best Foods to Lower Your Blood SugarTop Best Things to Do in LouisianaTop Best Cities to Visit in New YorkTop Best Makeup Addresses In PennsylvaniaTop Reasons to Visit NorwayTop Most Beautiful Islands In The WorldTop Best Law Universities in the WorldTop Richest Sportsmen In The WorldTop Biggest Aquariums In The WorldTop Best Peruvian Restaurants In MiamiTop Best Road Trips From MiamiTop Best Places to Visit in MarylandTop Best Places to Visit in North CarolinaTop Best Electric Cars For KidsTop Best Swedish Brands in The USTop Best Skincare Brands in AmericaTop Best American Lipstick BrandsTop Michelin-starred Restaurants in MiamiTop Best Secluded Getaways From MiamiTop Best Things To Do On A Rainy Day In MiamiTop Most Instagrammable Places In MiamiTop Interesting Facts about FlorenceTop Facts About The First Roman Emperor - AugustusTop Best Japanese FoodsTop Most Beautiful Historical Sites in IsraelTop Best Places To Visit In Holy SeeTop Best Hawaiian IslandsTop Reasons to Visit PortugalTop Best Hotels In L.A. With Free Wi-FiTop Best Scenic Drives in MiamiTop Best Vegan Restaurants in BerlinTop Most Interesting Attractions In WalesTop Health Benefits of a Vegan DietTop Best Thai Restaurant in Las VegasTop Most Beautiful Forests in SwitzerlandTop Best Global Universities in GermanyTop Most Beautiful Lakes in GuyanaTop Best Things To Do in IdahoTop Things to Know Before Traveling to North MacedoniaTop Best German Sunglasses BrandsTop Highest Mountains In FranceTop Biggest Hydroelectric Plants in AmericaTop Best Spa Hotels in NYCTop The World's Scariest BridgeTop Largest Hotels In AmericaTop Most Famous Festivals in JordanTop Best European Restaurants in MunichTop Best Japanese Hiking Boot BrandsTop Best Universities in PolandTop Best Tips for Surfing the Web Safely and AnonymouslyTop Most Valuable Football Clubs in EuropeTop Highest Mountains In ColombiaTop Real-Life Characters of Texas RisingTop Best Beaches in GuatelamaTop Things About DR Congo You Should KnowTop Best Korean Reality & Variety ShowsTop Best RockstarsTop Most Beautiful Waterfalls in GermanyTop Best Fountain Pen Ink BrandsTop Best European Restaurants in ChicagoTop Best Fighter Jets in the WorldTop Best Three-Wheel MotorcyclesTop Most Beautiful Lakes in ManitobaTop Best Dive Sites in VenezuelaTop Best Websites For Art StudentsTop Best Japanese Instant Noodle BrandsTop Best Comedy Manhwa (Webtoons)Top Best Japanese Sunglasses BrandsTop Most Expensive Air Jordan SneakersTop Health Benefits of CucumberTop Famous Universities in SwedenTop Most Popular Films Starring Jo Jung-sukTop Interesting Facts about CougarsTop Best Hospitals for Hip Replacement in the USATop Most Expensive DefendersTop Health Benefits of GooseberriesTop Health Benefits of ParsnipsTop Best Foods and Drinks in LondonTop Health Benefits of Rosehip TeaTop Best Air Fryers for Low-fat CookingTop Most Asked Teacher Interview Questions with AnswersTop Best Shopping Malls in ZurichTop The Most Beautiful Botanical Gardens In L.A.Top Best Mexican Restaurants in Miami for Carb-loading rightTop Best Energy Companies in GermanyTop Best Garage HeatersTop Largest Banks in IrelandTop Leading Provider - Audit and Assurance In The USTop Best Jewelry Brands in IndiaTop Prettiest Streets in the UKTop Best Lakes to Visit in TunisiaTop Highest Mountains in Israel