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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Cls Holdings Plc | LSE:CLI | London | Ordinary Share | GB00BF044593 | ORD 2.5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
1.20 | 1.31% | 92.60 | 92.40 | 93.10 | 92.40 | 91.20 | 91.20 | 330,875 | 16:35:09 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Real Estate Agents & Mgrs | 148.7M | -249.8M | -0.6286 | -1.47 | 367.21M |
TIDMCLI
RNS Number : 9606D
CLS Holdings PLC
27 June 2023
PRESS RELEASE
Release date: 27 June 2023 Embargoed until: 07:00 am
CLS Holdings plc ("CLS" or the "Group")
CLS announces the sale of three properties at 7.5% above valuation
CLS announces that it has unconditionally exchanged or completed on three property disposals for a total of GBP49.0 million excluding costs at an average of 7.5% above 31 December 2022 valuations.
CLS has unconditionally exchanged contracts to sell Westminster Tower, Albert Embankment to Australian developer Third.i with expected completion in September 2023. Having acquired the property in 1987, it is one of the older properties in CLS' portfolio and benefits from planning permission for a residential redevelopment of the existing building, including the construction of three additional floors, with views overlooking the River Thames and Westminster.
CLS has also recently completed on the sale of a smaller office property, St Cloud Gate in Maidenhead, UK and a legacy land holding outside Helsingborg in Sweden with planning permission for logistics.
Fredrik Widlund, Chief Executive Officer of CLS, commented:
"We remain focused on having the highest quality, sustainable, offices in our locations. As part of our continuous evaluation of our properties, including the ability to add value through planning opportunities, these assets were no longer suitable for the tenants we look to service, so I am delighted that we have been able to generate such strong returns with all three properties selling above 31 December 2022 valuations."
-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
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END
DISPPUBGQUPWGMQ
(END) Dow Jones Newswires
June 27, 2023 02:00 ET (06:00 GMT)
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