15th Jan 2007 07:00
Embargoed: 0700hrs, Monday 15 January 2007
CLS HOLDINGS PLC ("CLS") ANNOUNCES THE LETTING OF 4,200 SQ FT (390 SQ M) AT GREAT WEST HOUSE, BRENTFORD
Following the recently completed refurbishment of Great West House, CLS is pleased to announce the letting of 4,200 sq ft (390 sq m) to Global Refund Ltd on the 11th floor of GW2.
The lease is for a term of ten years with an upward only rent review and a tenant break option at the end of the fifth year. The initial rent is ‚£88,200 per annum (‚£21 per sq ft / ‚£226 per sq m), subject to 18 months rent free. A nine month rent penalty is payable in the event the break option is exercised.
The floor will provide new air conditioning, a raised floor, new ceiling and lighting together with decorations and Global Refund will take possession in April. King Sturge and DTZ are the letting agents for CLS whilst Bond Woodhouse represented Global Refund.
Great West House has been transformed with new facades and a striking new roof profile. Internally, the reception areas have been extended and refurbished together with the provision of a new gymnasium and restaurant, both for the exclusive use of the tenants. CLS also operates a business centre at the building, providing a new facility to local occupiers as well as additional overflow space and meeting rooms for the existing occupiers.
Up to 73,000 sq ft (6,782 sq m) of offices remain available, in units from 5,200 sq ft (483 sq m) upwards.
Sten Mortstedt, Executive Chairman of CLS, commented:
"We are pleased to welcome Global Refund to our newly refurbished Great West House. They will join Allianz Cornhill, Siemens, and Air India who already enjoy the unique facilities Great West House has to offer. This letting underlines the importance of providing a quality office environment combined with properly resourced on-site facilities for staff."
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For further information, please contact:
Sten Mortstedt, Executive Chairman
Per SjĦberg, Chief Executive Officer
CLS Holdings plcwww.clsholdings.comTel. +44 (0)20 7582 7766Adam Reynolds/Ben SimonsHansard GroupTel. +44 (0)20 7245 1100
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