Global Net Lease announced the sale of its McLaren Campus, a three‑building, 840,000‑square‑foot complex in Woking, Surrey, for £250 million. The transaction represents a 210‑basis‑point compression in the cash cap rate compared to the £170 million purchase price in April 2021, and the property’s rent has risen 14.5% since acquisition.
The sale is part of GNL’s broader strategy to divest non‑core assets and focus on a high‑quality, single‑tenant net lease portfolio. By monetizing the McLaren Campus, the company will reduce net debt, strengthen liquidity, and expand its revolving credit facility, positioning it for future share repurchases or acquisitions.
Management said the £23.9 million deposit, which will become non‑refundable if obligations are not met, is already in place and the deal is expected to close on or about December 22 2025. The proceeds will be used to pay down debt and support the company’s investment‑grade credit profile, following a recent upgrade to BBB‑ by Fitch.
The transaction comes after GNL’s Q3 2025 earnings, which missed analyst expectations with an EPS of –$0.33 versus –$0.075 and revenue of $121 million versus an estimate of $123.51 million. Despite the earnings miss, the company’s deleveraging and portfolio quality improvements have been highlighted as positive drivers, with net debt reduced by roughly $2 billion since Q3 2024.
GNL’s portfolio focus has shifted toward single‑tenant industrial and office properties in North America and Continental Europe. The McLaren Campus sale reinforces this focus, improving the risk profile of the remaining assets and supporting the company’s long‑term growth strategy.
CEO Michael Weil described the sale as a “compelling opportunity” to realize a significant premium on the property and to strengthen the balance sheet, underscoring the company’s commitment to strategic asset optimization.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.