Global Net Lease has agreed to acquire a three-property office and industrial campus in Woking, England, that serves as the world headquarters for McLaren’s Automotive, Racing and Applied divisions.
The contract purchase price for the combined 840,000-square-foot campus is £170 million (€197 million/$237 million) with a 20-year, triple-net lease. The transaction is expected to close in second quarter 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 have been able to collaborate and work with the management team of the McLaren Group to effect this transaction. We look forward to the long-term partnership with McLaren and the
