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Ashurst advises on £170 million sale and leaseback of McLaren Group's global HQ

Global law firm Ashurst has advised McLaren Group on the sale and leaseback of its headquarters to Global Net Lease for a total consideration of £170. ....

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McLaren Group headquarters sold to property firm for RM968 million, continues operations on 20-year lease

McLaren Group headquarters sold to property firm for RM968 million, continues operations on 20-year lease
23 April 2021 3:27 pm / 0 comments
In a bid to secure more short-term funding, the McLaren Group has sold its headquarters in Woking, Surrey in England to property firm Global Net Lease for GBP170 million (RM968 million).
This is for the combined 840,000 square-foot campus that consists of the McLaren Technology Centre (MTC), McLaren Production Centre (MPC) and the McLaren Thought Leadership Centre. The transaction is expected to be finalised in the second quarter of 2021, and McLaren has signed a 20-year lease and will continue to operate from the premises. ....

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McLaren Sold Its Iconic Woking Headquarters For $237 Million

McLaren Sold Its Iconic Woking Headquarters For $237 Million
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Global Net Lease To Acquire McLaren Group Headquarters In £170 Million, 20-Year Sale-Leaseback

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NEW YORK, April 20, 2021 /PRNewswire/ Global Net Lease, Inc. (NYSE: GNL) ( GNL or the Company ) announced today
1 that the Company has agreed to acquire a three property office and industrial campus in Woking, Surrey, England that serves as the world headquarters for McLaren s Automotive, Racing, and Applied divisions (the McLaren Group Headquarters ). The contract purchase price for the combined 840,000 square foot campus is £170 million with a 20-year, NNN lease. The transaction is expected to close in the second quarter of 2021.
We are excited to announce that this world-class facility will become part of the GNL portfolio, said James Nelson, CEO of GNL 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 ....

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