Why McLaren deems its £200m gamble a necessary strategy
McLaren has put its award-winning Norman Foster-designed headquarters up for sale - but it's not planning on moving out. STUART CODLING investigates why it's come to this...
Got a spare £200m lying around? If so, the McLaren Technology Centre could be yours. The company has appointed a property agent to market it, although it has no intention to leave its home of the past 17 years.
McLaren, which was forced to make 1200 positions redundant and borrow £150m from the Bank of Bahrain earlier this year, urgently needs to shore up its balance sheet and reduce its debts. The MTC was valued at £200m on its most recent set of accounts. If a sale goes through, McLaren will in effect become a tenant.
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