CLS Holdings PLC Disposals (7793A)
03 January 2018 - 6:00PM
UK Regulatory
TIDMCLI
RNS Number : 7793A
CLS Holdings PLC
03 January 2018
CLS Holdings plc
announces disposals in Peterborough and Hamburg
CLS Holdings plc ("CLS", the "Group") announces that it has
unconditionally exchanged contracts to sell three properties in
Peterborough, UK and Hamburg, Germany for a total consideration of
GBP12.4 million.
Clifton House and 126-128 Park Road in Peterborough were sold to
a private investor for GBP6.2 million. The properties, which
comprised 57,522 sq ft (5,344 sqm) of office space, were valued at
GBP6.0 million at 30 June 2017.
Merkurring 33-35 in Hamburg was sold to sold to a German real
estate fund for EUR7.0 million. The property, which comprised
60,321 sq ft (5,604 sqm) of industrial and office space, was valued
at EUR6.7 million at 30 June 2017.
The decision to sell these properties was driven by their small
individual lot sizes and non-core locations.
Fredrik Widlund, Chief Executive of CLS, commented:
"I am very pleased that we have begun the year with the sale of
these three, smaller properties. Consistent with our strategy, the
disposal of these non-core assets will allow us to re-invest in
properties where there is more scope for us to add value through
active asset management."
-ends-
For further information, please contact:
CLS Holdings plc
www.clsholdings.com
Fredrik Widlund, Chief Executive Officer +44 (0)20
John Whiteley, Chief Financial Officer 7582 7766
Liberum Capital Limited
Richard Crawley +44 (0)20
Jamie Richards 3100 2222
Panmure Gordon (UK) Limited
Dominic Morley +44 (0)20
Andrew Potts 7886 2500
Elm Square Advisers Limited +44 (0) 20
Jonathan Gray 7823 3695
Smithfield Consultants (Financial PR) +44 (0)20
Alex Simmons 7360 4900
This information is provided by RNS
The company news service from the London Stock Exchange
END
DISVLLFBVFFLBBF
(END) Dow Jones Newswires
January 03, 2018 02:00 ET (07:00 GMT)
Cls (LSE:CLI)
Historical Stock Chart
From Apr 2024 to May 2024
Cls (LSE:CLI)
Historical Stock Chart
From May 2023 to May 2024