New Letting Agreement
October 08 2009 - 2:00AM
UK Regulatory
TIDMCLI
Embargoed Release: 07:00hrs Thursday 8 October 2009
CLS HOLDINGS PLC ("CLS")
ANNOUNCES THE LETTING OF 473 SQ M (5,096 SQ FT)
AT GREAT WEST HOUSE, BRENTFORD, TW8
The Board of CLS is pleased to announce the letting of 473 sq m (5,096 sq ft)
on the 10th floor of Great West House, Brentford to Medical Professional
Personnel Ltd.
The new lease is for a term of five years, and is subject to a rent-free period
of nine months and a tenant break option at the end of the third year. The rent
of GBP91,728 p.a. (GBP194 psm / GBP18 psf) rises to GBP96,824 p.a. (GBP205 psm / GBP19 psf)
after two years. The space has been fully refurbished with new air conditioning,
a new raised floor and new ceiling, and new lighting and decoration.
Medical Professional Personnel Ltd was attracted to Great West House by the
quality of the accommodation offered and the onsite facilities, which include a
gymnasium and restaurant, each for the exclusive use of the tenants. There
remains 3,530 sq m (38,000 sq ft) available to let of fully refurbished offices
from 46 sq m (500 sq ft) at GBP210 psm / GBP19.50 psf at Great West House through
joint letting agents Hanover Green and Hargreaves Newberry Gyngell.
Other commercial occupiers within Great West House include Allianz Insurance
Plc and Global Refund Ltd.
Executive Chairman of CLS, Sten Mortstedt, commented:
"We are very pleased to let another floor at Great West House and welcome
Medical Professional Personnel Ltd. This letting continues to demonstrate the
benefit of providing good quality office accommodation on a well managed site
with flexible terms."
-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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