11th Nov 2015 08:41
LONDON (Alliance News) - Property investor CLS Holdings PLC on Wednesday said it has had an active second half of 2015 so far, with a number of acquisitions and disposals, and is confident on its outlook.
The FTSE 250-listed company said it acquired the Tangentis building in Munich, Germany, and Chancery House in Sutton, southwest London, in the first half, while it also sold off six properties in the UK and the Unterschleissheim building in Munich.
CLS said its overall group vacancy rate rose to 3.8% at November 10, compared to 3.4% at the end of June. Its vacancy rates rose in London, Germany and Sweden, but improved in the rest of the UK and France.
"With a low cost of debt, a strong balance sheet and low vacancy levels, we remain well positioned to take advantage of future opportunities and to continue delivering value for our shareholders," said Executive Chairman Sten Mortstedt.
CLS shares were up 1.6% to 1,828.00 pence on Wednesday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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