McLaren sells F1 factory in £170 million leaseback deal

Following months of negotiations aimed at selling the 840,000 square foot facility, a deal was announced on Tuesday for the factory to be bought by American company Global Net Lease (GNL).The transaction is expected to be completed in the second quarter of this year and will include a 20-year lease for McLaren.James Nelson, CEO of GNL, said: “We are excited to announce that this …Keep reading
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