McLaren Selling HQ In Desperate Bid To Stay Alive

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But there's a catch: you have to lease it back to McLaren.

How would you like to dip your toes into the world of commercial real estate, with storied British Formula One team and supercar manufacturer McLaren as your first tenant?

That opportunity is knocking; McLaren has just listed its Woking, England headquarters for £200 million - about $256 million USD - as it attempts to liquidate some assets amidst the ongoing business challenges posed by the coronavirus pandemic. The sale includes McLaren's stunning and iconic Technology Centre, which is built over an artificial lake and served as the setting for a scene in the Fast & Furious spin-off film Hobbs & Shaw.

McLaren
McLaren
McLaren
McLaren

The £200 million deal, which was first reported on by Sky News, is for a sale-and-leaseback, meaning that whoever purchases the property will be obligated to then lease it back to McLaren. It's part of a broader strategy to shore up the company's financials, which is also expected to include the sale of a minority stake in McLaren's racing operations. The company's made other maneuvers, too, laying off some 1,200 employees over the summer and securing a £150-million loan from the National Bank of Bahrain.

More than just a race team, McLaren today produces a range of high-priced, high-performance supercars, from the 562-horsepower McLaren 570S to the absolutely bonkers, limited-run McLaren Senna - the latest in McLaren's "Ultimate Series".

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McLaren
McLaren
McLaren
McLaren

The first car in McLaren's Ultimate Series is the one that birthed the racing team's road car business: the McLaren F1. Long the fastest production car ever built, the F1 redefined what a supercar should be when it launched in the early 1990s, powered by a 6.1-liter BMW V12 with more than 600 horsepower on tap, and winning the 1995 24 Hours of Le Mans racing against a bevy of more purpose-built racing machines.

Today, like all great vintage supercars, the McLaren F1 is worth many times what it cost brand new, so that McLaren's headquarters is only worth about a dozen F1s, give or take. We know which we'd rather have.

McLaren
McLaren
McLaren
McLaren
Source Credits: Sky News

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