McLaren Group's facilities in Woking are for sale – AUTOhebdo.fr

McLaren has not been spared the economic crisis associated with the Coronavirus pandemic. Earlier in the year, the British group announced the cut of 1,200 of the 4,000 jobs in its total workforce, including 70 in the F1 team.

The premium brand then benefited from a financing mechanism to the tune of 150 million pounds sterling (164 million euros) set up by the National Bank of Bahrain, 44% owned by the sovereign wealth fund Mumtalakat of Bahrain, him – same shareholder of the McLaren Group with 56%.

Sky News reported earlier this week that the group had put its Woking facility in Surrey up for sale, with the business press estimating the buildings could attract bids in excess of £ 200million (€ 216million).

Contacted by AUTOweekly, the group sent us the following official statement in response:

" The sale and leaseback of our global headquarters, as well as the appointment of banks to advise us on debt restructuring and fundraising are part of a comprehensive refinancing strategy announced earlier this year.

Building on the emergency measures taken during the summer, these initiatives will enable us to strengthen our financial position and provide a stable and viable development platform for the McLaren Group over the long term.

These are proven methods used by the world's largest companies ".

The McLaren campus includes the McLaren Technology Center, the production site, and the Thought Leadership conference center.

When asked about the Woking facility going up for sale, McLaren team principal Andreas Seidl said from Mugello that it would have no impact on the Formula 1 team.



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