Re: Letting Agreement
September 07 2006 - 10:05PM
UK Regulatory
Release date: 6th September 2006 - Immediate release
FURTHER LETTINGS AT
SOLNA BUSINESS PARK, STOCKHOLM ("SOLNA")
REDUCE RENT GUARANTEE LIABILITY OF
CLS HOLDINGS PLC ("CLS")
CLS is pleased to announce that it has let a further 3,466 sq m (37,309 sq ft)
of vacant space to three new tenants at Solna Business Park.
The lettings reduce the liability of CLS for a rent guarantee obligation that
was attached to the sale of Solna on its sale to Fabege AB on 21st August 2006.
The rent guarantee at the time of the sale of �3.75 million (SEK 51.8 million)
has now been reduced by �1.1 million (SEK 15.0 million) as a result of these
lettings. The rent guarantee remaining amounts to �2.7 million (SEK 36.8
million) in respect of the vacant space of 7,534 sq m (81,097 sq ft).
Executive Chairman of CLS, Sten Mortstedt, said:
"I am pleased that the strong letting momentum that we have created at Solna is
continuing. The reduction of our outstanding rent guarantee through these
lettings effectively increases the net proceeds of the sale to CLS and I am
convinced that we will continue to find good quality tenants for the remaining
vacant space."
-ends-
For further information, please contact:
Sten Mortstedt, Executive Chairman
Per Sj�berg, Chief Executive Officer
CLS Holdings plc
www.clsholdings.com
Tel. +44 (0)20 7582 7766
Adam Reynolds/Ben Simons
Hansard Communications
Tel. +44 (0)20 7245 1100
END
Cls (LSE:CLI)
Historical Stock Chart
From Jun 2024 to Jul 2024
Cls (LSE:CLI)
Historical Stock Chart
From Jul 2023 to Jul 2024