September 21, 2020

Hellenic Voice

Business Information

McLaren plans to sell then lease back Woking HQ after sales slump

Group hopes to free up £200m from sale of complex designed by Norman Foster Coronavirus...

Group hopes to free up £200m from sale of complex designed by Norman Foster

The supercar manufacturer McLaren is planning to sell and lease back its Norman Foster-designed headquarters in Surrey as it seeks to shore up its balance sheet after the coronavirus pandemic triggered a slump in sales.

A sale could potentially free up more than £200m for the carmaker, which has already tapped investors repeatedly for cash since the crisis put the brakes on its sales and revenues.

Continue reading…

Source link