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News  ›  GlobeNewswire Inc.

Global Net Lease Enters into Agreement to Sell McLaren Campus for £250 Million

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Global Net Lease, Inc.
Global Net Lease Enters into Agreement to Sell McLaren Campus for £250 Million

Global Net Lease announced the sale of the McLaren Campus in England for £250 million, representing a 210 basis-point compression in cash cap rate since its 2021 acquisition. The company plans to use proceeds to reduce debt and potentially pursue strategic initiatives.

Insights
GNL   positive

The company is selling a property at a significant premium, reducing debt, and positioning itself for potential future strategic opportunities with enhanced financial flexibility