Business
Global Net Lease Enters into Agreement to Sell McLaren Campus for £250 Million
NEW YORK, Dec. 08, 2025 (GLOBE NEWSWIRE) -- Global Net Lease, Inc. (NYSE: GNL) (“GNL” or the “Company”) announced today that it has entered into an agreement (the “Agreement”) to sell the McLaren Campus (comprising the McLaren Technology Centre, Production Centre and Thought Leadership Centre) – a three-building, 840,000-square-foot property located in Woking, Surrey, England – for £250 million at a 7.4% cash cap rate. Since the opportunistic acquisition of the McLaren Campus in April 2021 for £
About this update from Global Net Lease, Inc.
[{"type":"image","alt":"Global Net Lease, Inc.","displaySize":"","headline":null,"caption":"Global Net Lease, Inc.","className":"","disableSlideshowImg":false,"size":{"original":{"width":211,"height":142,"url":"https://media.zenfs.com/en/globenewswire.com/00bd73762eb4ae3c11dfcef5aedf60af"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/7LC9qgJZ9wAq.2N36oOxww--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTI4MztjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/00bd73762eb4ae3c11dfcef5aedf60af","width":211,"height":142}},"lazy":false},{"type":"text","content":"NEW YORK, Dec. 08, 2025 (GLOBE NEWSWIRE) -- Global Net Lease, Inc. (NYSE: GNL) (“GNL” or the “Company”) announced today that it has entered into an agreement (the “Agreement”) to sell the McLaren Campus (comprising the McLaren Technology Centre, Production Centre and Thought Leadership Centre) – a three-building, 840,000-square-foot property located in Woking, Surrey, England – for £250 million at a 7.4% cash cap rate. Since the opportunistic acquisition of the McLaren Campus in April 2021 for £170 million, GNL has negotiated a favorable lease, increasing rents by 14.5%, and significantly enhancing the property’s value ahead of the sale.","length":645,"tagName":"p"},{"type":"text","content":"“We believe the sale of the McLaren Campus represents a compelling opportunity for GNL to realize a significant premium on the property, with the sale price reflecting a 210 basis-point compression in the cash cap rate since acquisition,” said Michael Weil, CEO of GNL. “We plan to deploy a significant amount of the net sale proceeds to meaningfully reduce outstanding debt, which we believe will strengthen our balance sheet, increase liquidity, and expand capacity on our Revolving Credit Facility. We believe the transaction enhances GNL’s position, providing added flexibility and ample dry powder to pursue attractive strategic initiatives, including opportunistic share repurchases, acquisitions, or a combination of the two, that could drive long-term earnings growth while maintaining a disciplined balance sheet and a high-quality, resilient portfolio.”","length":863,"tagName":"p"},{"type":"text","content":"GNL received a £23.9 million deposit from the buyer at signing of the Agreement, which became non-refundable as of December 7, 2025, subject to GNL performing its obligations under the Agreement. The transaction is...