Private equity group TPG in solo race to buy Mclaren’s £180m hi-tech Surrey HQ
Private equity group TPG is in unique talks to buy McLaren’s hi-tech headquarters in Surrey.
The sale may worth the 124-acre website at round £180million, in accordance to reviews.
The Formula One-team proprietor and supercar maker has been determined to seal a ‘sale-and-leaseback’ deal for months after the pandemic pummelled its funds.
Formula One-team proprietor and supercar maker McLaren has been determined to seal a ‘sale-and-leaseback’ deal on its Surrey HQ (pictured) for months after Covid pummelled its funds
The association will permit McLaren to stick with it utilizing the positioning whereas elevating useful money to assist tide it over.
McLaren, which is owned by a group led by Bahrain’s sovereign wealth fund Mumtalakat Holding Company, has secured tons of of thousands and thousands of kilos from present backers during the last year, secured a mortgage from the Bahraini authorities, reduce jobs, and is promoting a minority stake in its racing division.
The fundamental constructing at McLaren Technology Centre was designed by famend architect Norman Foster and was short-listed for the Stirling Prize.
In 2011 the company added a second constructing, the McLaren Production Centre.
McLaren has counted a lot of F1’s largest names on its staff through the years, together with Lewis Hamilton and Ayrton Senna – and its newest star is 21-year-old Lando Norris.