Operator
I would now like to turn the conference over to Louisa Quarto. Please go ahead.
Louisa Quarto
Investor Relations
Thank you, operator. Good afternoon, everyone and thank you for joining us for GNL s first quarter 2021 earnings call. This call is being webcast in the Investor Relations section of GNL s website at www.globalnetlease.com. Joining me today on the call to discuss the quarter s results are Jim Nelson, GNL s Chief Executive Officer and Chris Masterson, GNL s Chief Financial Officer.
The following information contains forward-looking statements, which are subject to risks and uncertainties. Should one or more of these risks or uncertainties materialize, actual results may differ materially from those expressed or implied by the forward-looking statements. We refer all of you to our SEC filings, including the Form 10-K for the year ended December 31, 2020 filed on February 26, 2021 and all other filings with the SEC after that date for a more detailed discussi
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NEW YORK, April 20, 2021 /PRNewswire/ Global Net Lease, Inc. (NYSE: GNL) ( GNL or the Company ) announced today
1 that the Company has agreed to acquire a three property office and industrial campus in Woking, Surrey, England that serves as the world headquarters for McLaren s Automotive, Racing, and Applied divisions (the McLaren Group Headquarters ). The contract purchase price for the combined 840,000 square foot campus is £170 million with a 20-year, NNN lease. The transaction is expected to close in the second quarter of 2021. 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. We are very pleased to have been able to collaborate