CLS Holdings PLC Submission of Clifford's Inn Planning (4671J)
August 07 2012 - 5:13AM
UK Regulatory
TIDMCLI
RNS Number : 4671J
CLS Holdings PLC
07 August 2012
Release date: 7 August 2012
Embargoed until: Immediate release
CLS Holdings plc
("CLS", the "Company" or the "Group")
Planning Application submitted for prime mid-town office
Clifford's Inn, Fetter Lane, EC4
CLS Holdings plc unveils plans to comprehensively refurbish the
existing office space at its prime mid-town property, Clifford's
Inn, Fetter Lane, EC4 over lower ground, ground, first and second
floors, and undertake a complementary infill extension. This will
provide new, high-specification, Category 'A' air-conditioned
office accommodation, with a gross internal area totalling 3,433 sq
m, behind a new, high-quality Portland stone facade.
In addition, the proposed scheme includes the provision of eight
new residential apartments within the front portion of the first
and second floors of the existing office space, providing a total
of 500 sq m of residential accommodation. The eight new apartments
will consist of one and two bedroom dwellings on each floor.
A planning application was submitted on 2 August 2012 to the
City of London Corporation; subject to receiving planning consent,
the GBP9.1 million refurbishment is scheduled to start in April
2013, with completion 12 months later.
Executive Chairman of CLS, Sten Mortstedt, commented:
"As part of the Group's strategy to maximise the potential of
existing properties within its portfolio, this development
represents an exciting opportunity to create high quality office
accommodation and residential apartments in a prime London
location."
-ends-
For further information, please contact:
CLS Holdings plc +44 (0)20 7582 7766
www.clsholdings.com
Sten Mortstedt, Executive Chairman
Henry Klotz, Executive Vice Chairman
Richard Tice, Chief Executive Officer
Kinmont Limited +44 (0)20 7087 9100
Jonathan Gray
Smithfield Consultants (Financial PR) +44 (0)20 7903 0669
Alex Simmons
This information is provided by RNS
The company news service from the London Stock Exchange
END
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