CLI Cls Holdings Plc

RNS Number:6035E
CLS Holdings PLC
4 June 2001



Embargoed until:    07:30 4th June 2001


                           CLS HOLDINGS PLC ("CLS")

                            ANNOUNCES PRE-LETTING

AT SOLNA BUSINESS PARK

STOCKHOLM, SWEDEN



The board of CLS is pleased to announce the completion of a further letting at
Frasaren 11, Solna Business Park.



A total of 4,000 sq m (43,056 sq ft) of office accommodation, which includes
part of the newly built office space on the roof, has been pre-let to Green
Cargo AB at an aggregate rent of SEK 11,820,000 (#767,532) per annum. Green
Cargo AB is owned by the Swedish State and is responsible for running the
national railway freight service.



The premises form part of the fourth and fifth floors of Frasaren 11.  The
fourth floor is currently undergoing refurbishment and the fifth floor is
entirely new construction.  The rents achieved of SEK 2,900 per sq m (#17.50
per sq ft) for the fifth floor and SEK 2,700 per sq m (#16.29 per sq ft) for
the fourth floor are record rents for newly refurbished office accommodation
at Solna Business Park.



The lease is for a fixed period of seven years and seven months from 1st March
2002, with an option for a three-year extension at its expiration in September
2009. The entire rent is subject to annual indexation from January 2004, to
reflect 75% of any increase in the Swedish equivalent of the Retail Price
Index.  This indexation will be measured for the first time from October 2002
to October 2003.



Executive Chairman, Sten Mortstedt, said:



"This is the second pre-let at Frasaren 11, which brings pre-lettings up to
6,850 sq m (73,733 sq ft). The letting sets a new record rent for both the
refurbished and the newly constructed office accommodation and provides
further evidence for the strong demand for space in the area, despite a
general slowdown in the Stockholm office market."



                                    -ends-



For further information, please contact:


Sten Mortstedt, Executive Chairman, CLS Holdings plc  Tel. +44 (0)20 7582 7766
Glyn Hirsch, Chief Executive, CLS Holdings plc        Tel. +44 (0)20 7582 7766

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