April 2021
GLP Advises McLaren Group on £170m Sale and Leaseback
Luxury automotive, technology and motorsport company McLaren Group has agreed the sale of its global headquarters to Global Net Lease for a total of £170million.
As part of the transaction, the Group has agreed a 20-year lease with Global Net Lease, the US$4 billion publicly traded net leased real estate investment trust focused on global sale-leaseback transactions involving single-tenant, mission critical assets.
The McLaren Campus - which includes the McLaren Technology Centre (MTC), McLaren Production Centre and McLaren Thought Leadership Centre, in Woking, Surrey, England – will remain McLaren’s global headquarters.
The sale and leaseback process has been supported by Global Leisure Partners and global real estate advisory firm Colliers.
About McLaren Group
The McLaren Group is a British-based, globally-renowned luxury automotive, motorsport and technology company which turned over £1.48 billion in 2019.
Founded in 1963 by racer, engineer and entrepreneur Bruce McLaren, the group is formed of three companies; McLaren Applied, which works at the intersection of technology and data to deliver quantifiable performance advantage to organisations; McLaren Automotive, which hand-builds lightweight supercars; and a majority stake in McLaren Racing which competes in the Formula 1 World Championship and INDYCAR in the US. In December 2020, McLaren Group announced new investment in McLaren Racing from strategic sports investor, MSP Sports Capital.
The group has more than 3,000 employees and is globally headquartered at the iconic McLaren Technology Centre in Woking, Surrey, England.
With a reputation for innovation and technological excellence, McLaren is one of the UK’s largest independent companies.
Contacts:
Mark Harms
Chairman & Chief Executive Officer
Global Leisure Partners LLP
Tel: +44 (0) 20 7016 8065
Important Notice:
Global Leisure Partners LLP ("GLP") is authorised and regulated in the UK by the Financial Conduct Authority. Global Leisure Partners LLC, a subsidiary of GLP, is a broker-dealer registered in the US with the Securities and Exchange Commission and is a FINRA member firm. Global Leisure Capital Partners LLC ("GLCP"), a wholly-owned subsidiary of GLP, is the principal investment arm of GLP and registered with the SEC as an Investment Adviser. All rights reserved. GLP specifically prohibits the redistribution of this material and accepts no liability whatsoever for the actions of third parties in this respect.
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