Global Net Lease, Inc. (GNL) has entered into an agreement to sell the McLaren Campus, a three-building, 840,000-square-foot property located in Woking, Surrey, England, for £250 million (approximately US$333 million) at a 7.4% cash cap rate. The buyer was not disclosed.
GNL acquired the McLaren Campus – comprising the McLaren Technology Centre, Production Centre and Thought Leadership Centre – in an April 2021 sale-leaseback for £170 million (approximately US$225 million). Since then, GNL has negotiated a favorable lease, increasing rents by 14.5% and significantly enhancing the property’s value ahead of the sale.
“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 New York-based GNL. The transaction is expected to close on or about Dec. 22, 2025.
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