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McLAREN sold its FACTORY for 200 million euros

McLaren sold its Woking plant to a U.S. company for about $ 200 million. Their goal was to obtain fresh capital.

McLaren is by selling its factory Formula 1 in Automotive in Woking received around 200 million fresh capital. The team is around 78.000 kvadratnih metrov offered a large estate for sale last year and signed a contract with a U.S. company on Tuesday Global Net Lease (LNG).

Transaction more than £ 170 million is expected in the second quarter of this year and this deal is expected to cover a lease for McLaren lasting more than 20 let. "We are pleased to announce that this state-of-the-art plant will become part of GNL's portfolio,”Said the director of GNL James nelson. "The very modern McLaren Group headquarters building has received several awards and was designed by renowned architect Norman Foster."

McLaren has announced the sale of its Woking plant to the American company GNL, and the contract also includes a lease agreement for McLaren for over 20 years.

McLaren had big last year inflow problems and because of this he sought ways to improve his finances. In that the money lies in theirs buildings, saw no advantage and therefore decided to sell the factory and then rent it out. That easy earned money reinvest in the company. “Why should we have all the money in real estate? We are not a real estate company. We are a racing team and a car company,”He said last year Zak Brown, McLaren's first husband. “There is a lot of money tied to this building and it is no productive benefit if you want to invest in your business."

Zak Brown pointed out that they decided to take this step because there is a huge amount of money in their real estate that they cannot invest in the company.

Financial condition at McLarn it has now calmed down. The team is at State Bank of Bahrain took out a loan of £ 150 million, and on top of that they are for £ 185 million sold minority share of the team to American investors from SME Sports Capital.         

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