McLaren will sell its famous McLaren technology Centre HQ and additional facilities in Woking, Surely, with a view to leasing the site back. 
The British brand’s finances have suffered heavily during the coronavirus pandemic, owing to a sharp fall in supercar sales and the prolonged postponement of the formula 1 season. 

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McLaren burnt through £191 million in the first quarter of 2020 on operating costs alone. The company handled to safe £300 million from investors earlier this year – but the forecast for the cash was finalised before the economic impact of the Covid-19 pandemic. 
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The sale of its Woking HQ could safe McLaren an extra £200 million in cash, while the company would not step anywhere, operating on a lease from the new building owners. 
A spokesperson for the McLaren group said: “The potential sale and leaseback of our global headquarters and the appointment of banks to encourage us on a debt restructuring and equity raise are part of the detailed refinancing method that we revealed earlier this year. 
“Building on the shorter-term procedures that we put in place over the summer, these efforts will deliver a stronger balance sheet and make sure that McLaren group has a sustainable platform for long-term growth and investment.
“The proposed sale and leaseback mirrors best practice among leading business and will have no impact on our daily operations. The McLaren Campus, comprising the McLaren technology Centre, McLaren production Centre and the McLaren thought leadership Centre, is an iconic, world-class facility that will remain our home in the future.
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