New Letting Agreement - Leicester Sq
12 Agosto 2006 - 7:55PM
UK Regulatory
Embargoed: 0700hrs 10 August 2006
CLS HOLDINGS PLC ("CLS")
ANNOUNCES A LETTING AT ONE LEICESTER SQUARE
The Board of CLS is pleased to announce the letting of the 3rd, 4th and 5th
floors at One Leicester Square.
Sound Too Limited trading as Sound has completed a lease on these floors which
extend to 1,090 sq m (11,733 sq ft). The lease is for a term of 25 years from
17th July 2006 at a rent rising to �450,000 per annum by year 5, subject to
upward only rent reviews every 5th year. The lease includes a landlord break
option in July 2015.
Sound is currently refurbishing the floors in readiness for the opening at the
end of September 2006 and will operate a nightclub, continuing their 11 year
presence in Leicester Square.
One Leicester Square is now fully let with tenants including MTV on the ground,
1st and 2nd floors and The Penthouse Nightclub on the 6th, 7th and 8th floors.
Sten Mortstedt, Executive Chairman of CLS, commented:
"We are very pleased that once again this landmark building is fully let
providing an excellent mix of tenants in a high profile environment."
- ends -
For further information, please contact:
Sten Mortstedt, Executive Chairman
Per Sj�berg, Chief Executive Officer
Kevin Chapman, UK Property Director
CLS Holdings plc
www.clsholdings.com
Tel. +44 (0)20 7582 7766
Adam Reynolds/Ben Simons
Hansard Communications
Tel. +44 (0)20 7245 1100
END
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