Home/F1
Home/F1
feature-image
feature-image

Before taking the world of Formula 1 by storm, Lawrence Stroll was known for his exploits in the fashion industry. Taking over the investment business from his father Leo, Lawrence took brands like Ralph Lauren to Europe. The Canadian business tycoon even invested in the renowned brands of Tommy Hilfiger and Michael Kors. Looking for office space in London, he made a splurge so big that it broke all records.

Watch What’s Trending Now!

Lawrence Stroll (net worth $2.9 bn, according to Forbes) rented a 4000 square feet space at 5 St. James’ Square in London in 2017. He agreed to a 190 pounds ($229) per square foot rate, which broke the previous highest-paid rent record in London. Helly Nahmad Gallery, which paid 185 pounds per square foot in 2015 on the same square set for the previous record.

article-image

Reuters

The Evening Standard quoted James Cooksey, chairman of the Westminster Property Association as saying “A major letting of this nature underpins the ongoing attractiveness of the West End as an office destination. Notwithstanding some of the wider challenges, we should remain confident in London’s ability to continue to thrive, and importantly, adapt.”

ADVERTISEMENT

Read More: Andretti Eyes F1 Champion in It’s Seat as Dream Driver Line-Up Revealed: “It’s Very Possible”

Last month Lawrence Stroll invested $2 million in Aston Martin, which saw his share in the company rise to 23%. Facing the threat of an aggressive takeover from Geely, a Chinese car manufacturer, the Stroll-led consortium made another big spending to take their share even higher. Geely currently owns 7.6 percent of the firm.

ADVERTISEMENT

Lawrence Stroll expressed his vision for Aston Martin after heavy investment

Yew Tree Overseas Ltd., the consortium led by Lawrence, has since the start of 2022, invested close to $60.61 million. The investments saw business magnates like JCB’s Lord Anthony Bamford, Hong Kong billionaire Silas Chou, telecommunications billionaire John McCaw, and biotech billionaire Ernesto Bertarelli join the consortium.

ADVERTISEMENT

Read Top Stories First From EssentiallySports

Click here and check box next to EssentiallySports

article-image

ADVERTISEMENT

As per Autocar UK, Lawrence Stroll after last month’s investment said, As a group of investors we share a firm belief that Aston Martin is undervalued and that, despite the recent supply chain challenges, it is well set to continue its growth trajectory in the ultra-luxury high-performance automotive business.

“Our collective confidence in the medium and long-term success of the business is driven by the strength of the order book, the exciting portfolio of new products that are set to come to the market, and Aston Martin’s incredible global brand awareness.”

Top Stories

Aston Martin Tease Max Verstappen’s Rumored Arrival Amidst Lawrence Stroll’s $100 Million Adrian Newey Deal

F1 Gets Golden Andretti Advice as Red Bull’s Sergio Perez Strategy Promises American Boost in the Sport

Fernando Alonso Indirectly Belittles Sergio Perez With a Strong Statement on Lance Stroll Comparisons

Zak Brown & McLaren Possibly in Deep Trouble as Mercedes Cuts Engine Supply for F1 2026

“Disgraceful”: Vandalism at Ayrton Senna Tribute in Italy Leaves F1 Community Disgusted

Watch This Story: From Ferrari’s Incredible Pace to Mercedes Struggle: Best Moments From the 2022 Bahrain Qualifying

ADVERTISEMENT

Lawrence is leaving no stone unturned to make Aston Martin a success. Getting Fernando Alonso and Red Bull’s former aerodynamics chief Dan Fallows on the team is a step in that direction. They even have a new factory at Silverstone in the making, which will have an in-house wind tunnel. It will be interesting to see how much progress Aston Martin makes in the 2023 season.

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT