I think you're jumping the gun in assuming that Germany would have wanted British territories, NONE of mainland Europe was in British hands (Gibraltar withstanding) so they had plenty of room for manoeuvring.
I'm also not entirely sure Germany would have declared war on Britain, it's damned hard to invade for one, the royal family is part german, and to be honest I just don't see it.
I'm slowly coming around to seeing Britain as the perpetrator of both world wars in a way.
If they saw ww1 coming, they could have ended it almost immediately, yet chose not to, no one would have been able to stand up to a full mobilisation of the British empire at that point in time.
I'm also not entirely sure Germany would have declared war on Britain, it's damned hard to invade for one, the royal family is part german, and to be honest I just don't see it.
I'm slowly coming around to seeing Britain as the perpetrator of both world wars in a way.
If they saw ww1 coming, they could have ended it almost immediately, yet chose not to, no one would have been able to stand up to a full mobilisation of the British empire at that point in time.