Pre-letting of Property
February 27 2001 - 11:09AM
UK Regulatory
RNS Number:6117Z
CLS Holdings PLC
27 February 2001
Release date: 27th February 2001
Immediate release
CLS HOLDINGS PLC ("CLS")
ANNOUNCES A FURTHER NEW LETTING
AT SOLNA BUSINESS PARK, STOCKHOLM
The Board of CLS is pleased to announce the completion of the first
pre-letting of the proposed refurbished building known as Frasaren 11.
A total of 2,850 sq m (30,677 sq ft) of office space has been let to an
administrative department of the Swedish Government at an aggregate annual
rent of SEK 6,575,750 (#462,368).
The rent achieved for the offices of SEK 2,300 per sq m (#15 sq ft) sets a
record high for rents at the Solna Business Park.
The lease is for a fixed period of five years from 1st January 2002 (when the
refurbishment will be completed) and the entire rent is subject to annual
indexation to reflect any increase in the Swedish equivalent of the Retail
Price Index.
CLS will be announcing its results for the year ended 31st December 2000
tomorrow.
-ends-
For further information, please contact:
Sten Mortstedt, Executive Chairman, CLS Holdings plc
020 7582 7766
Glyn Hirsch, Chief Executive, CLS Holdings plc
020 7582 7766
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