Global Net Lease To Acquire McLaren Group Headquarters In £170 Million, 20-Year Sale-Leaseback
NEW YORK , April 20, 2021 |PRNewswire| -- Global Net Lease, Inc. (NYSE: GNL ) ("GNL" or the "Company") announced today 1 that the Company has agreed to acquire a three property office and industrial campus in Woking, Surrey, England that serves as the world headquarters for McLaren's Automotive, Racing, and Applied divisions (the "McLaren Group Headquarters"). The contract purchase price for the combined 840,000 square foot campus is £170 million with a 20-year, NNN lease. The transaction is expected to close in the second quarter of 2021. "We are excited to announce that this world-class facility will become part of the GNL portfolio," said James Nelson , CEO of GNL "The McLaren Group Headquarters' state of the art buildings have won numerous awards, were designed by renowned architect Norman Foster , and are the type of mission-critical, net-leased properties that make up the GNL portfolio. We are very pleased to … Full story available on Benzinga.com
Global Net Lease To Acquire McLaren Group Headquarters In £170 Million, 20-Year Sale-Leaseback
NEW YORK , April 20, 2021 |PRNewswire| -- Global Net Lease, Inc. (NYSE: GNL ) ("GNL" or the "Company") announced today 1 that the Company has agreed to acquire a three property office and industrial campus in Woking, Surrey, England that serves as the world headquarters for McLaren's Automotive, Racing, and Applied divisions (the "McLaren Group Headquarters"). The contract purchase price for the combined 840,000 square foot campus is £170 million with a 20-year, NNN lease. The transaction is expected to close in the second quarter of 2021. "We are excited to announce that this world-class facility will become part of the GNL portfolio," said James Nelson , CEO of GNL "The McLaren Group Headquarters' state of the art buildings have won numerous awards, were designed by renowned architect Norman Foster , and are the type of mission-critical, net-leased properties that make up the GNL portfolio. We are very pleased to … Full story available on Benzinga.com