3rd Aug 2022 09:48
CLS Holdings PLC - London-based commercial property investment company - Sells three properties in the UK and France for GBP39.8 million in total. The two UK properties are Great West House, Brentford and 62 London Road, Staines, whilst the French property is 96 Rue Nationale, Lille. The three properties sold for an average 3.7% above the December 2021 valuations, it adds.
Chief Executive Officer Fredrik Widlund comments: "These disposals are in line with CLS' asset management strategy and secure a significant return for CLS, capturing value for our investors while providing additional financial flexibility for the group."
Current stock price: 204.75 pence
12-month change: down 19%
By Sophie Rose; [email protected]
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