Global Net Lease Announced The Sales Of The Plant Shopping Center In San Jose, California For $95M And The Foster Wheeler Office Property In Shinfield Park, Reading, UK For Over $27M
Portfolio Pulse from Benzinga Newsdesk
Global Net Lease has announced the sale of two properties: The Plant Shopping Center in San Jose, California for $95 million and the Foster Wheeler office property in Shinfield Park, Reading, UK for over $27 million.
September 04, 2024 | 10:02 am
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Global Net Lease has sold two properties, potentially impacting its asset portfolio and financial position. The sales include a shopping center in California for $95M and an office property in the UK for $27M.
The sale of these properties could positively impact GNL's financial position by increasing liquidity and potentially reducing debt. The significant sale price of $122M suggests a strategic move to optimize their asset portfolio.
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