CLS Holdings PLC Planning Application Approved For Clifford's Inn (6271V)
January 16 2013 - 2:00AM
UK Regulatory
TIDMCLI
RNS Number : 6271V
CLS Holdings PLC
16 January 2013
Release date: 16 January 2013
Embargoed until: 07:00 am
CLS Holdings plc
("CLS", the "Company" or the "Group")
Planning Application approved for prime mid-town office and
residential
Clifford's Inn, Fetter Lane, EC4
CLS Holdings plc announces that planning approval has been
granted on 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 to
undertake a complementary infill extension. This will provide new,
high-specification, Category 'A', air-conditioned office
accommodation, with a gross internal area totalling 3,423 sq m,
behind a new, high-quality Portland stone façade.
In addition, the 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.
The refurbishment is scheduled to start in the second quarter of
2013, with completion 12 months later, at a cost of GBP9.1
million.
Executive Chairman of CLS, Sten Mortstedt, commented:
"We are very pleased to have secured planning approval in this
prime location to substantially enhance the Group's property into
high quality offices and residential apartments, and look forward
to starting the refurbishment shortly. This project will create
hundreds of construction jobs over the next 15 months."
-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
Liberum Capital Limited +44 (0)20 3100 2222
Tom Fyson
Charles Stanley Securities +44 (0)20 7149 6000
Mark Taylor
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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