CLS Holdings PLC CLS secures two new leases in Germany (5151N)
September 30 2021 - 2:00AM
UK Regulatory
TIDMCLI
RNS Number : 5151N
CLS Holdings PLC
30 September 2021
Release date: 30 September 2021
Embargoed until: 07:00 am
CLS Holdings plc ("CLS" or the "Group")
CLS secures two new leases for 68,975 sq. ft (6,408 sqm) in
Germany
CLS announces that it has secured two significant leases at its
assets in Munich and Hamburg. The new tenants have taken 68,975 sq.
ft (6,408 sqm) of space across the two buildings, both of which
have been let above ERV.
The City of Hamburg has taken 45,025 sq. ft (4,183 sqm) of space
at Nagelsweg 37-39 on a 15-year lease. As part of the lease, CLS is
undertaking a significant refurbishment to fit the space to the
City of Hamburg's requirements. The building will house several
departments of the City of Hamburg's building authorities with
occupation expected in Q2 2022 following the departure of the
existing tenant and the completion of the refurbishment.
The second lease is for 23,950 sq. ft (2,225 sqm) for a 5-year
lease at Lochhamer Schlag 1 in Gräfelfing, near Munich, with FUTRUE
GmbH, an international healthcare group comprising 20 companies and
with over 70 drug approvals. The business intends to move into the
property in Q4 2021 following the departure of the existing tenant
this quarter. The property comprises modern and flexible offices,
production and warehouse space. CLS acquired the property in 2006
and repositioned it as a multi-let property.
Fredrik Widlund, Chief Executive Officer of CLS, commented:
"Our focus over the past year has been to implement our planned
active asset management initiatives to increase occupancy and
strengthen income generation across the portfolio. These leases are
excellent examples of our ability to work closely with tenants to
deliver properties that suit their current and future requirements.
These leases also reflect the increasing letting activity we are
seeing across Germany. We look forward to working with the City of
Hamburg and FUTRUE GmbH during their occupation of these
high-quality buildings."
-ends-
For further information, please contact:
CLS Holdings plc
(LEI: 213800A357TKB2TD9U78)
www.clsholdings.com
Fredrik Widlund, Chief Executive Officer
Andrew Kirkman, Chief Financial Officer
+44 (0)20 7582 7766
Liberum Capital Limited
Richard Crawley
Jamie Richards
+44 (0)20 3100 2222
Panmure Gordon
Hugh Rich
+44 (0)20 7886 2733
Elm Square Advisers Limited
Jonathan Gray
+44 (0)20 7823 3695
Smithfield Consultants (Financial PR)
Alex Simmons
Rob Yates
+44 (0)20 3047 2546
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END
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