May 23, 2022

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Global Net Lease Announces $76 Million Guernsey, Channel Islands Acquisition, $456 Million Of Shut And Pipeline Acquisitions

NEW YORK, Sept. 9, 2021 /PRNewswire/ — World wide Net Lease, Inc. (NYSE: GNL) (“GNL” or the “Company”) introduced now that on September 2, 2021 the Business shut on the acquisition of Trafalgar Courtroom, a premier place of work building leased to two tenants in Guernsey, Channel Islands, for a deal acquire price tag of $76.5 million1 excluding closing prices. 12 months to day, the Firm has shut on six qualities for a contract obtain cost of $326.3 million1, together with the formerly announced acquisition of the McLaren Team headquarters in Woking, Surrey, England. The acquisitions were done at a heading-in capitalization price2 of 9.13%, a weighted-average capitalization amount of 10.23%, and had a weighted ordinary remaining lease term of 18. decades at closing.

World wide Web Lease (PRNewsFoto/World wide Web Lease, Inc.)

The Corporation also introduced a ahead acquisitions pipeline of 7 qualities with a agreement order price of $130.1 million3, consisting of signed order and sale agreements and signed letters of intent. The ahead pipeline has a weighted-typical going-in capitalization level 6.73%, a weighted-normal remaining lease phrase of 14.5 yrs and involves houses leased to Walmart and Pilot Issue Steel. Mixed with the shut acquisitions, GNL’s total closed and under arrangement acquisitions for 2021 have a agreement buy rate of $456.4 million at a weighted-average going-in capitalization charge of 7.65% and a weighted-typical remaining lease expression of 15.9 decades.

“We ended up invited to bid on Trafalgar Courtroom simply because of our stellar execution in the McLaren transaction before this year and our growing name as the preeminent REIT purchasing big workplace, industrial and distribution belongings in the British isles and Europe,” said James Nelson, CEO of GNL “We agreed to receive this assets with a strong tenant base that is practically 100% implied financial investment grade rated at an great 8.05% likely-in cap rate at the time we signed the contract owing to a in close proximity to-term lease expiration for a important tenant. Prior to closing, we leveraged our residence management expertise to assistance safe a 15-calendar year lease extension for the expiring tenant, symbolizing 23% of the building’s place, extending the weighted-normal remaining lease phrase for the residence to 9.3 decades from 5.8 several years. We consider this prolonged lease and other ways we are assessing will give us the opportunity to unlock considerable value from this assets. Our forward pipeline of accretive industrial and office acquisitions maintains GNL’s progress trajectory.”

About International Web Lease, Inc.
Global Net Lease, Inc. (NYSE: GNL) is a publicly traded genuine estate expense have confidence in listed on the NYSE focused on buying a diversified world wide portfolio of business houses, with an emphasis on sale-leaseback transactions involving single tenant, mission vital earnings making web-leased belongings throughout the United States, Western and Northern Europe. Additional information about GNL can be found on its site at

Significant Discover
The statements in this press launch that are not historic facts may perhaps be forward-looking statements. These ahead-wanting statements include dangers and uncertainties that could bring about genuine benefits or functions to be materially distinct. The terms “anticipates,” “thinks,” “expects,” “estimates,” “projects,” “options,” “intends,” “could,” “will,” “would” and related expressions are intended to determine ahead-wanting statements, though not all forward-searching statements incorporate these figuring out terms. These forward-seeking statements are issue to risks, uncertainties and other aspects, numerous of which are outside the house of the Company’s regulate, which could induce genuine results to vary materially from the success contemplated by the forward-on the lookout statements. These hazards and uncertainties contain the likely adverse effects of the ongoing global coronavirus pandemic, which include steps taken to incorporate or treat the coronavirus, on the Firm, the Company’s tenants and the world financial state and economical markets as very well as people dangers and uncertainties established forth in the Possibility Components section of the Company’s Annual Report on Sort 10-K for the yr finished December 31, 2020 filed on February 26, 2021, and all other filings with the SEC right after that date, as this kind of pitfalls, uncertainties and other vital components could be up-to-date from time to time in the Firm’s subsequent reports. Additional, forward-searching statements communicate only as of the day they are manufactured, and the Corporation undertakes no obligation to update or revise any ahead-looking statement to replicate adjusted assumptions, the event of unanticipated functions or changes to long term running results, except if required to do so by legislation.


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Based mostly on prevailing trade premiums on date of closing


Going-in capitalization charge is a rate of return on a authentic estate investment assets centered on the expected, hard cash rental income that the house will create underneath its existing lease for the duration of the first yr of the lease. Going-in capitalization fee is calculated by dividing the money rental money the residence will produce throughout the very first calendar year of the lease (ahead of debt provider and depreciation and after fastened costs and variable charges) and the purchase value of the residence. The weighted typical heading-in capitalization charge is dependent on sq. toes of the day of acquisition.


Four of the pending acquisitions are topic to a definitive invest in and sale settlement, which are topic to conditions, and a few of the pending acquisitions are matter to a letter of intent, which is nonbinding. These pending acquisitions may perhaps not be accomplished on the contemplated conditions or at all.



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Source World Web Lease, Inc.