Colliers has advised the luxury automotive, motorsport and technology Group on the £170million sale of its Woking HQ site.
The deal between the luxury automotive, technology and motorsport company with the US real estate investment trust will see McLaren take out a long-term lease on the site and continue to be headquartered at the 84-acre campus in Woking, Surrey, UK
Colliers acted as McLaren’s strategic real estate advisor for the sale and leaseback of the campus which includes the McLaren Technology Centre (MTC), the McLaren Production Centre – where the brand’s luxury supercars are hand built – and the adjoining McLaren Thought Leadership Centre.
Robert Campkin, Head of Corporate Capital Solutions | EMEA at Colliers, who led the transaction on behalf of Colliers, said: “The iconic McLaren Campus received significant interest from some of the largest and most established domestic and overseas investors. We carried out a comprehensive review of all interested investors and financing solutions to reach a successful outcome for both parties.
“Unlocking untapped capital within high-quality real estate through mechanisms such as sale and leaseback is an ideal method to address clients’ needs. We’re pleased that we have been able to agree a deal which represents an outstanding outcome for our client.”
The deal is expected to complete by the end of May.
Check out a video of the state-of-the-art McLaren Campus here.