CLI Cls Holdings Plc

 
TIDMCLI 
 
Embargoed release: 07:00hrs 28 July 2009 
 
                           CLS HOLDINGS PLC ("CLS") 
 
           ANNOUNCES FURTHER LEASE RENEWALS AT CI TOWER, NEW MALDEN 
 
The Board of CLS is pleased to announce the following in relation to CI Tower: 
 
1. A lease renewal has been completed with London Grid for Learning Trust on 
the part 4th floor (245 sq m / 2,640 sq ft) for a term of five years with a 
tenant break option at the end of the 3rd year. The rent is GBP53,640 p.a. (GBP219 
psm / GBP20.32 psf) subject to one month rent free. 
 
2. A lease renewal has been completed with Korea LNG Limited on the part 3rd 
floor (125 sq m / 1,350 sq ft) for a term of five years with a tenant break 
option at the end of the 3rd year. The rent is GBP29,700 p.a. (GBP 238 psm / GBP22 
psf) with no rent free. 
 
3. The June 2008 rent review has been settled with LaFarge Cement UK plc on the 
part ground floor (131 sq m / 1,405 sq ft) at GBP28,802 p.a. (GBP 220 psm / GBP20.50 
psf), an increase of 15%. 
 
CI Tower, which comprises 7,504 sq m (80,773 sq ft), is fully let apart from 
one small suite on the 4th floor extending to 95 sq m (1,025 sq ft), available 
through our letting agents Cattaneo Commercial at GBP242 psm / GBP22.50 psf. 
 
Executive Chairman of CLS, Sten Mortstedt, commented: 
 
"We are very pleased that we have been able to successfully renew these leases 
and achieve a good settlement on the rent review. They demonstrate the need to 
provide quality accommodation in good locations." 
 
                                    -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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