CLI Cls Holdings Plc

 
TIDMCLI 
 
Embargoed Release: 07:00hrs 20 August 2009 
 
                CLS HOLDINGS PLC ("CLS") ANNOUNCES THE SALE OF 
 
                  2 DEANERY STREET, LONDON FOR GBP2.23 MILLION 
 
The Board of CLS is pleased to announce the sale of 2 Deanery Street, London W1 
to Malcom Paul Atkins, a Knightsbridge based residential property developer. 
The property was sold for GBP2.23 million with vacant possession. 
 
2 Deanery Street is a Grade II Listed terrace property and provides 197 sq m 
(2,117 sq ft) net internal office accommodation, over lower-ground, basement 
and three upper floors. CLS acquired the property in 1988 for GBP1.15 million. 
The sale represents a 17.4% increase to the December 2008 valuation. 
 
Savills and Cushman Wakefield acted on behalf of CLS and Jeffries Land acted on 
behalf of Malcom Paul Atkins. 
 
Executive Chairman of CLS, Sten Mortstedt, commented: 
 
"Deanery Street has performed well as an asset for a number of years, however 
as a non core holding we are delighted to complete this sale and at a price 
which was well in excess of the December valuation." 
 
                                    -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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