American Realty Capital Global Trust Purchases Third U.K. Asset, An Everything
Everywhere Office Building
ARC Global's Portfolio Now Comprises Over $20 Million of Purchased European
NEW YORK, June 10, 2013
NEW YORK, June 10, 2013 /PRNewswire/ --American Realty Capital Global Trust,
Inc. ("ARC Global") announced today that, on June 7, 2013, it acquired an
office building leased to Everything Everywhere (the "Property") located in
Merthyr Tydfil, United Kingdom. The Property was purchased for $12.4 million,
excluding acquisition costs, representing a capitalization rate of 9.6%
(calculated by dividing annualized rental income on a straight-line basis by
base purchase price). The triple-net lease has a remaining lease term of 14.1
years at acquisition and is subject to upward rent adjustments marked to
market every five years.
The office building is 100% leased to Everything Everywhere Limited, a mobile
network operator and internet service provider, which has an investment grade
credit rating as determined by a major credit rating agency. Everything
Everywhere is a joint venture between Deutsche Telekom and France Telecom.
"Our third U.K acquisition is our largest to date and adds another strong
investment grade credit to our portfolio," stated Nicholas S. Schorsch,
Chairman and Chief Executive Officer of ARC Global. Mr. Schorsch continued,
"As we expand our European portfolio, it is acquisitions like this one that
signify our attention to making purchases that follow our investment
objectives of buying single tenant net lease commercial real estate with an
eye toward a diversified global portfolio. We maintain our focus on making
domestic acquisitions with tenants concentrated in the office and industrial
sectors as we continue to find European assets that are highly accretive to
About American Realty Capital
Founded in 2006, American Realty Capital ("ARC") is a full-service investment
management firm providing advisory services to retail and institutional
investors. ARC is an active sponsor and manager of public and private real
estate investments, a business development company and other investment
products. Collectively, ARC's senior team of seasoned professionals has
acquired and managed over $8 billion of real estate, as well as $5 billion of
corporate sale-leasebacks and net leased properties.
About Moor Park Capital Partners LLP
Moor Park Capital Partners LLP ("Moor Park"), founded in 2006, is a UK limited
liability partnership and is regulated by the FSA. Headquartered in London,
Moor Park is a private real estate firm which concentrates on commercial
property investment in Europe and has approximately £2.7 billion of real
estate assets currently under management. Moor Park provides a wide range of
services to its clients, including, among others, acquisition, development,
asset, property and facility management, leasing services, centralized
corporate support services and financing services. The partners of Moor Park
are Gary Wilder, Shemeel Khan and Jagdeep Kapoor, and together have 60 years
plus experience structuring and executing in excess of £20 billion of real
estate transactions over their careers internationally.
ARC Global is a publicly registered, non-traded real estate investment program
that intends to qualify as a real estate investment trust for the taxable year
ending December 31, 2013. Additional information about ARC Global can be found
on its website at www.arcglobaltrust.com.
The statements in this press release that are not historical facts may be
forward-looking statements. These forward-looking statements involve risks and
uncertainties that could cause the outcome to be materially different. In
addition, words such as "anticipate," "believe," "expect" and "intend"
indicate a forward-looking statement, although not all forward-looking
statements include these words.
SOURCE American Realty Capital Global Trust, Inc.
Contact: For more information about this announcement, please contact Tony
DeFazio at 484-342-3600 or firstname.lastname@example.org; Anthony J. DeFazio, Diccicco
Battista Communications, email@example.com, 484-342-3600; Brian S. Block,
EVP & CFO, American Realty Capital Global Trust, Inc., firstname.lastname@example.org,
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