CLS Holdings PLC - Re Pre-Letting Lease
March 23 1998 - 3:30AM
UK Regulatory
RNS No 8262b
CLS HOLDINGS PLC
23rd March 1998
CLS - LEICESTER SQUARE LETTING UNCONDITIONAL
WORK COMMENCED ON SITE
The Board of CLS Holdings plc ("CLS") is pleased to announce that its
pre-letting of One Leicester Square is now unconditional.
Big Beat Group, which is 35 per cent owned by Royal Bank of Scotland
Development Capital, has agreed to enter into a new 25 year FRI lease at an
initial rent of #2 million per annum. The property is now fully let and the
total initial annual rent will be #2.222 million per annum.
Construction work has now commenced on site.
CLS was represented by Davis Coffer Lyons.
Enquiries:
Glyn Hirsch, Chief Executive, CLS Holdings plc 0171 582 7766
Brian Basham / Chris Skyrme, Basham and Coyle 0171 253 3300
END
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