Cls Share Discussion Threads

[badtime] 18/4/2024 20:23

What's holding you back...Middle East worries?

[loglorry1] 18/4/2024 14:48

PH moved from hold to add. I've seen the note it doesn't add much to what's been discussed here.

[tiltonboy] 18/4/2024 14:06

Must say that i'm tempted, but watching for the time being!

[skyship] 18/4/2024 12:30

Hi Tilts - strangely low figure - yet still up 26% on where we are now!

[tiltonboy] 18/4/2024 10:55

Peel Hunt slash target price to 105p

[shieldbug] 17/4/2024 19:14

The site currently occupied by National Crime Agency is pretty large and would be ideal for resi. Its currently low rise while across the railway there are 25 floor towers while across the street there are buildings of 10 or more stories.

[wapping67] 17/4/2024 07:42

CLS raised to add at Peel Hunt this morning

[glavey] 16/4/2024 05:20

Re: Westminster Tower, 3 Albert Embankment, some history:
1)
2)

[strathroyal] 15/4/2024 21:42

I see that React news appears to have an article about the potential sale of the Spring Mews student property, anybody able to access this?

[llef] 15/4/2024 16:02

standard says 25 apartments, 3 penthouses. Worth perhaps 150m when complete.

Doesn't seem like a conversion template for your more average office block!

[loglorry1] 15/4/2024 13:31

Does anyone have an idea on how much of their office space they could sell to be converted to resi? Presumably when that happens their is normally a lift up in value?

[essentialinvestor] 15/4/2024 13:17

Nick, they've owned the tower for yonks.

They added to their New Malden holding around 2010 (from memory) buying another block.

My first job was in New Malden (mid 80's). Office building where I worked converted to resi over a decade back, a low rise 3 floor building.

[nickrl] 15/4/2024 13:10

@EI there isn't alot at New Malden not a place i would have bought an office!

[essentialinvestor] 15/4/2024 12:44

They also own assets like the above,
which might be more difficult to dispose of.

Tbf the building vacancy rate is much smaller than I expected.

[essentialinvestor] 15/4/2024 12:17

You can just imagine how much the penthouses will be!! - £15 million plus.

[ammons] 15/4/2024 12:07

The proceeds to be used to reduce debt??

[shieldbug] 15/4/2024 11:03

I was watching Westminister Tower all last year and it was quite obviously only partially occupied. Probably costing them a bit in business rates. In any case I believe they kept the deposit from the failed sale last year. Its not great but its done and that is nothing but a good thing.

[loglorry1] 15/4/2024 09:54

I contacted the company and they said it was partially let. More info here hxxps://monmouthdean.com/properties/westminster-tower-3-albert-embankment-lambeth-se1-7sp

Not cheap office space that's for sure.

[nickrl] 15/4/2024 09:50

@loglorry no im not sure meant it to be posed as question to see if others knew should have added "?"

[loglorry1] 15/4/2024 09:02

"No yield mentioned so was it an empty property and thus no rent foregone."

Are you very sure about that?

[nickrl] 15/4/2024 08:56

@specto disposed of at the same price though so i'll take that. No yield mentioned so was it an empty property and thus no rent foregone.

[spectoacc] 15/4/2024 07:09

Looks a good disposal, albeit slightly disappointing only inline with December NAV, when it's London, and it's for resi conversion. Perhaps that was already in the valuation.

[nickrl] 11/4/2024 22:53

presentation useful but largely a recycle of the annual results but at least the small investors get a look in and can ask questions. CEO rather laboured the Q&A time over why Germany wont be a car crash despite the negative economic outlook.

[meanreverter] 11/4/2024 12:58

Presentation at

[spectoacc] 10/4/2024 15:04

I don't personally think UK ones are either, but in fairness Ollie Bailey's talking an even more dovish game than JP. And reality has been catching up with the market all year so far.

That first cut - US or UK - will be very interesting.