TIDMCLI 
 
RNS Number : 4134V 
CLS Holdings PLC 
02 November 2010 
 

 
Release date:                  2 November 2010 
Embargoed until:             07:00 
 
                   CLS HOLDINGS PLC COMPLETES THE PURCHASE OF 
                       APEX TOWER, HIGH STREET, NEW MALDEN 
                        FOR GBP21.46 MILLION INCL. COSTS 
 
 
CLS Holdings plc ("CLS") confirms that, further to the announcement made on 4 
August 2010, it has completed the purchase of Apex Tower, High Street, New 
Malden for GBP21.46 million including costs.  Apex Tower is located on the 
opposite side of the High Street to CI Tower, which CLS also owns. 
 
Apex Tower consists of 15 upper floors of offices (9,185 sq m / 98,869 sq ft), 
four retail units and a public house at ground floor level (1,265 sq m / 13,618 
sq ft) and a four storey car park at the rear. 
 
The building is fully let and produces GBP1.86 million income p.a., of which 94% 
is from a lease to BAE Systems on the whole of the offices expiring in June 
2020.  The retail tenants include Tesco Stores and William Hill Organisation. 
The net initial yield to CLS is 8.66% and with debt financing arranged by 
Deutsche Postbank AG, the initial return on equity is 16.1% p.a. 
 
Sten Mortstedt, Executive Chairman of CLS, commented: 
 
"We are pleased to conclude the purchase of Apex Tower, which provides an 
excellent long-term income stream from blue-chip tenants together with a number 
of short and medium-term asset management opportunities.  It continues our focus 
on owning cost effective offices, which generate reliable cash flow. " 
 
                                     -ends- 
 
For further information, please contact: 
 
CLS Holdings plc +44 (0)20 7582 7766 
www.clsholdings.com 
Sten Mortstedt, Executive Chairman 
Henry Klotz, Chief Executive Officer 
Richard Tice, Deputy Chief Executive Officer 
 
Kinmont Advisory 
                             +44 (0)20 7087 9100 
Jonathan Gray 
 
Smithfield 
                                   +44 (0)20 7360 4900 
Alex Simmons 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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