New Letting Agreement
August 21 2008 - 5:48AM
UK Regulatory
For immediate release: Thursday 21 August 2008
CLS HOLDINGS PLC ("CLS")
ANNOUNCES TWO NEW LETTINGS
AT V�NERPARKEN IN V�NERSBORG, SWEDEN
Following the recently completed tenant fit out, CLS is pleased to announce the
letting of 6,434 sq m (69,230 sq ft) to V�nersborgs Komvux & Other Education
(City of V�nersborg) and 1,346 sq m (14,483 sq ft) to V�nersborg Barn & Ungdom
(City of V�nersborg).
The lease to V�nersborgs Komvux & Other Education (6,434 sq m) is for a term of
ten years and 100% index based on CPI October 2007. The initial rent is SEK
5,983,630 (�502,826) per annum (SEK 930 per sq m), subject to six months rent
free.
The lease to V�nersborgs Barn & Ungdom (1,346 sq m) is for a term of ten years
and 80% index based on CPI October 2007. The initial rent is SEK 2,049,120 (�
172,195) per annum (SEK 1,522 per sq m).
A further 5,000 sq m (53,800 sq ft) is under negotiation, leaving another 5,946
sq m (63,979 sq ft) of vacant space available.
Sten Mortstedt, Executive Chairman of CLS, commented:
"We are very pleased to continue our relationship with the City of V�nersborg.
This shows that V�nerparken is an essential part of the centre as well as of
large significance to the local government. This underlines the importance of
providing high quality space for education."
-ends-
For further information, please contact:
Sten Mortstedt, Executive Chairman
Henry Klotz, Chief Executive Officer
CLS Holdings plc
Tel: +44 (0)20 7582 7766
www.clsholdings.com
END
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