CLS Holdings PLC Disposals (2234N)
24 Ottobre 2016 - 8:00AM
UK Regulatory
TIDMCLI
RNS Number : 2234N
CLS Holdings PLC
24 October 2016
CLS Holdings plc ("CLS")
announces the disposal of Chancel House, Neasden, and Chorus,
Antibes
CLS Holdings plc announces that it has sold Chancel House,
Neasden Lane, NW10 and Chorus in Antibes, France.
Chancel House has been sold to the Department of Communities and
Local Government on behalf of the Education Funding Agency (the
"EFA") for GBP18.7 million, 39% above its valuation at 31 December
2015.
Chancel House comprises 74,700 sq ft (7,081 sqm) of office space
with 189 on-site car parking spaces. 56% of the building is
income-producing from Trillium on behalf of the Department of Works
and Pensions until March 2018 and, with 44% of the property vacant,
the sales price represents a net initial yield of 3.3%.
The disposal was agreed in early September and concluded in less
than six weeks, and the EFA has acquired the site to provide
educational services in the London Borough of Brent.
Following the announcement in the half year results of the
exchange of contracts to sell Chorus, a 46,640 sq ft (4,421 sqm)
office building located in the commercial area of Nova Antipolis in
Antibes, France, CLS has duly completed the transaction at a price
of EUR9.4 million, 2.4% above its valuation at 31 December
2015.
Fredrik Widlund, Chief Executive Officer of CLS, commented:
"Chancel House and Chorus presented opportunities to realise
immediate value and to refine our portfolio. Their sales are in
line with our strategy and unlock capital that can be reinvested in
higher yielding opportunities elsewhere."
-ends-
For further information, please contact:
CLS Holdings plc
www.clsholdings.com
Henry Klotz, Executive Chairman
Fredrik Widlund, Chief Executive Officer
John Whiteley, Chief Financial Officer
Sten Mortstedt, Executive Director +44 (0)20 7582 7766
Liberum Capital Limited
Richard Crawley
Jamie Richards +44 (0)20 3100 2222
Panmure Gordon (UK) Limited
Dominic Morley
Andrew Potts +44 (0)20 7886 2500
Elm Square Advisors
Jonathan Gray +44 (0)20 7823 3695
Smithfield Consultants (Financial PR)
Alex Simmons +44 (0)20 7360 4900
This information is provided by RNS
The company news service from the London Stock Exchange
END
DISQFLFLQBFBFBX
(END) Dow Jones Newswires
October 24, 2016 02:00 ET (06:00 GMT)
Grafico Azioni Cls (LSE:CLI)
Storico
Da Giu 2024 a Lug 2024
Grafico Azioni Cls (LSE:CLI)
Storico
Da Lug 2023 a Lug 2024