VENLO, the Netherlands—Global Net Lease said Monday it had acquired five European properties in two separate transactions for a total of $110.8 million, including the European headquarters of Office Depot here. When combined with the $95.3 million worth of acquisitions the New York City-based net lease REIT has already completed in the third quarter, the buys in the Netherlands and Finland exceed GNL's goal of acquiring $200 million in the second half of 2015, “well ahead of our originally anticipated schedule,” says CEO Scott Bowman.

“Our successful completion of these acquisitions underscores our ability to source, underwrite, finance and acquire strategically-located, mission critical net lease assets with stable and reliable cash flows and embedded contractual rent growth,” says Bowman. “Looking forward, we continue to seek opportunities to strengthen our portfolio with high quality properties leased long term to established, investment grade tenants.”

Office Depot International B.V., a wholly owned subsidiary of Office Dept Inc., has occupied the 178,584-square-foot build-to-suit in Venlo since 1998. The property has a remaining lease term of 13.4 years.

GNL has also acquired four industrial/logistics buildings located at Helsinki Airport, Finland, totaling 656,281 net rentable square feet with combined remaining lease terms of approximately nine years. The buildings are all net leased to Finnair Plc., the national airline of Finland.