McLaren has put its technology centre up for sale for £200m
That's the same price as 10 McLaren F1s today...
McLaren has just put its iconic Woking HQ up for sale for £200 million during these tough financial times.
This iconic facility houses some of the rarest supercars on the planet and is the same place which produced the ever-growing iconic McLaren F1 which remains one of the best cars ever made.
The British car manufacturer has been making cars at this facility for years, but the time during these uncertain times, McLaren looks to be struggling. The deal they have striked up with property agent, Colliers is a sale-and-leaseback of the McLaren Technology Centre and offers in excess of £200m are to be expected.
To put that price into perspective, that is the same worth as around 10 McLaren F1s at today's current value.
Back in June, the company signed for a new £150m financing facility with Bahrain’s national bank, while 1,200 employees will be made redundant as part of a wide-ranging restructuring.
This is a big loss considering this will account for about a quarter of the Surrey-based firm’s workforce of 4,000.
A McLaren spokesman said: “The potential sale and leaseback of our global headquarters and the appointment of banks to advise us on a debt restructuring 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," they continued.
The property that is up for grabs is the The McLaren Campus which is home to the McLaren Technology Centre, McLaren Production Centre and the McLaren Thought Leadership Centre which are some of the best car making facilities in the world.
It's a sad time for McLaren but hopefully they will find a way to get back on their feet in no time and continue to produce some insane cars with insane levels of performance.