Global Net Lease (GNL) to acquire McLaren Group headquarters.
Global Net Lease, Inc. (GNL) announced today that has agreed to acquire a three-property office and industrial campus leased to McLaren Group for £170 million. The 840,000 square foot campus serves as the world headquarters for McLaren's automotive, racing, and applied divisions, and is being acquired subject to a 20-year triple net lease.
"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," said James Nelson, CEO of GNL. "We believe our global presence as a leading net lease REIT will continue to provide attractive acquisition opportunities that complement our best-in-class portfolio."
Global Net Lease is a $4 billion public REIT focusing on single tenant properties in the United States and Europe.
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"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," said James Nelson, CEO of GNL. "We believe our global presence as a leading net lease REIT will continue to provide attractive acquisition opportunities that complement our best-in-class portfolio."
Global Net Lease is a $4 billion public REIT focusing on single tenant properties in the United States and Europe.
04/20/2021