New Letting
May 08 2001 - 3:00AM
UK Regulatory
RNS Number:2059D
CLS Holdings PLC
8 May 2001
Release date: 8th May 2001
Embargoed until: 07:00
CLS HOLDINGS PLC ("CLS")
ANNOUNCES NEW LETTING
AT VANERPARKEN
VANERSBORG, SWEDEN
The Board of CLS is pleased to announce the completion of a further letting at
Vanerparken.
A total of 2,330 sq m (25,080 sq ft) which is to be used for both office and
educational purposes has been let to Hogskolan Trollhattan/Uddevalla (College)
for a term of four and a half years at an aggregate rent of SEK 2,340,000 (#
159,123) per annum.
The premises were previously vacant and the rent achieved of SEK 1,004 per sq
m (#6.35 per sq ft) is in line with rents for similar accommodation at
Vanerparken.
As part of the new lease agreement Hogskolan Trollhattan/Uddevalla has also
extended their existing lease at SEK 3,664,309 (#249,178) per annum from 30/06
/2003 to 30/06/2006, making it co-terminus with their new lease.
-ends-
For further information, please contact:
Sten Mortstedt, Executive Chairman, CLS Holdings plc Tel: 020 7582 7766
Glyn Hirsch, Chief Executive, CLS Holdings plc Tel: 020 7582 7766
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