The Financial Times is reporting that JLR has asked property consultants Cushman & Wakefield to value the circuit and its land. The FT claims that Silverstone would become JLR’s headquarters, with plans to develop a heritage centre, offices for up to 1000 staff and a hotel and visitor centre. The value of Silverstone is reported to be £22.7m.
According to the proposals - which have yet to be turned in to a formal offer - JLR would make the British Racing Drivers Club (BRDC), which currently owns the lease to the venue, a tenant of the circuit. Silverstone Circuits Ltd, a subsidiary of the BRDC, would then operate it on JLR’s behalf.
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