McLaren aims to sell U.K. HQ under sale-and-leaseback

September 11, 2020

British manufacturer McLaren is aiming to sell its United Kingdom headquarters for more than £200 million (CA$337.92) to recoup funds amid declining revenue. It is hoping to sell it before end-of-year. “The potential sale and leaseback of our global headquarters and the appointment of banks to advise us on a debt restructuring and equity raise are part of the comprehensive refinancing strategy that we announced earlier this year,” said McLaren, according to Sky News. (Source: CarAdvice) Read the original article…

About Todd Phillips

Todd Phillips is the editorial director of Universus Media Group Inc. and the editor of Canadian auto dealer magazine. Todd can be reached at tphillips@universusmedia.com.

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