CLS Holdings PLC CLS leases 29,816 sf for 10 years at Fetter Lane

RNS Number : 6376S

CLS Holdings PLC

09 January 2025

 

                                                                                                            PRESS RELEASE

 

Release date:                09 January 2025

Embargoed until:           07:00 am

 

 

CLS Holdings plc ("CLS" or the "Group")

CLS leases 29,816 sq. ft for 10 years at Fetter Lane, EC4

 

 

CLS is pleased to announce a 10-year lease with law firm, Signature Litigation LLP ("Signature"), for 29,816 sq. ft (2,770 sqm) of office space at 138 Fetter Lane, London EC4A 1BT. The letting was completed at 2.3% above latest estimated rental value ("ERV").

 

138 Fetter Lane is a mixed-use property located in the heart of Midtown in central London. It is in close proximity to the Royal Courts of Justice and the Rolls Buildings and is ideally placed for firms operating within the legal sector.

 

The office space at Fetter Lane was comprehensively refurbished in 2014 which included adding additional office space to the existing building whilst respecting the sensitive nature of its location next to Kings College Library and St Dunstan's Church. Following completion of the refurbishment, Signature initially took 10-year leases of the Courtyard and 1^st Floor with the Ground and 2^nd Floors being let to the other occupiers.

 

As part of their plans to expand, Signature have now agreed to take a 10-year lease over the entirety of the office space from June 2025. This will see Signature double their space and allow them to apply their own branding to the building. The building has an EPC rating of B and a BREEAM rating of Very Good. It also benefits from various staff amenities and an attractive reception sitting behind a prominent façade on Fetter Lane.

 

Fredrik Widlund, Chief Executive Officer of CLS, commented:

"We are delighted to announce this significant lease agreement with a long-standing customer. The deal reaffirms CLS commitment to supporting our customers in expanding their businesses by providing modern, sustainable office accommodation in attractive locations.  We very much look forward to continuing our relationship with the Signature team and wish them well with their future strategy."

 

 

-ENDS-

 

 

For further information, please contact:

 

CLS Holdings plc                                                            

(LEI: 213800A357TKB2TD9U78)

www.clsholdings.com

Fredrik Widlund, Chief Executive Officer

Andrew Kirkman, Chief Financial Officer

[phone]

 

Panmure Liberum

Jamie Richards

David Watkins

[phone]

 

Berenberg

Carl Gough

Harry Nicholas

[phone]

 

Edelman Smithfield (Financial PR)

Alex Simmons [phone]

Hastings Tarrant [phone]

[e-mail]

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END

 

 

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