US REIT Global Net Lease has agreed to acquire a three property office and industrial campus in Woking, Surrey, England that serves as the world headquarters for the British Formula One team-owner and supercar maker McLaren.
The purchase price for the combined 840,000 sq ft (78,000 m2) campus is £170 mln (€197 mln).
McLaren is leasing back the asset - which includes the McLaren Technology Centre, McLaren Production Centre and McLaren Thought Leadership Centre - under a 20-year rental contract. The transaction is expected to close in the second quarter of 2021.
The award-winning campus was designed by world-renowned architects, Foster & Partners, has easy access to Central London and Heathrow Airport, and hosts approximately 1,000 workers.
‘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.’
