CLS Holdings PLC CLS Secures Three New Leases in Germany (5834F)
08 November 2022 - 6:00PM
UK Regulatory
TIDMCLI
RNS Number : 5834F
CLS Holdings PLC
08 November 2022
Release date: 8 November 2022
Embargoed until: 07:00 am
CLS Holdings plc ("CLS" or the "Group")
CLS leases over 3,500 sqm, ahead of ERV, across three new leases
in Germany
CLS announces that it has secured three significant new leases,
amounting to 3,566 sqm (38,384 sq. ft), in Berlin and Cologne,
Germany.
At "Flexion", Kaiserin-Augusta-Allee 112-113, located in
Berlin-Mitte on the river Spree, CLS has secured two new major
corporate tenants. Hologic Deutschland GmbH, a leading US medical
equipment manufacturer, has signed a seven-year lease for 1,016 sqm
(10,936 sq. ft) and Tower Productions, a German television
producer, has signed a five-year lease for 1,797 sqm (19,343 sq.
ft) of space.
CLS purchased the 8,712 sqm (93,775 sq. ft) property in
Berlin-Mitte in early 2021 with approximately 30% occupancy. Now,
after successfully repositioning it in the market, Flexion is
approximately 80% let.
The third lease is for 753 sqm (8,105 sq. ft) on a five-year
term with property manager Ecowo at Office Connect,
Wilhelm-Jacob-von-der-Wettern-Strasse 27, Cologne. The multi-let
property is located in the Cologne Airport Business Park and has a
total of 13,000 sqm (139,931 sq. ft) of lettable space spread over
eleven floors. The property is now 96% let.
On a combined basis, these three leases, were completed at 4.9%
above ERV.
Fredrik Widlund, Chief Executive Officer of CLS, commented:
"These lettings further confirm that the demand for high quality
office space remains strong in Germany. These properties offer
well-located and flexible office space close to public transport
and within easy reach of their respective city centres. These
leases also highlight the significant benefits of having a
dedicated in-house asset management team with local expertise. We
look forward to working together with the new tenants to create a
sustainable and attractive space for their employees."
-ends-
For further information, please contact:
CLS Holdings plc
(LEI: 213800A357TKB2TD9U78)
www.clsholdings.com
Fredrik Widlund, Chief Executive Officer
Andrew Kirkman, Chief Financial Officer
+44 (0)20 7582 7766
Liberum Capital Limited
Richard Crawley
Jamie Richards
+44 (0)20 3100 2222
Panmure Gordon
Hugh Rich
+44 (0)20 7886 2733
Berenberg
Matthew Armitt
Richard Bootle
+44 (0)20 3207 7800
Edelman Smithfield (Financial PR)
Alex Simmons
Hastings Tarrant
+44 (0)20 3047 2546
Registered in England No. 2714781. Registered Office as
above.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
MSCQDLFBLFLEFBK
(END) Dow Jones Newswires
November 08, 2022 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