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

The supercar and Formula One racing group 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.

McLaren does not intend to move out of the lakeside headquarters near Woking,…

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