19th Apr 2005 06:00
Embargoed: 19 April 2005, 0700hrs CLS HOLDINGS PLC ("CLS") ANNOUNCES TWO NEW LETTINGS AT WESTMINSTER TOWER, SE1 The Board of CLS is pleased to announce that Westminster Tower, AlbertEmbankment, London SE1 is now fully let following two lettings.The 12th floor, extending to 3,100 sq ft (288 sq m), has been let to OverseasExhibition Services Limited for a term of ten years at an initial rent of ‚£83,700 (‚£27 psf / ‚£291 psm) per annum with upwards only rent review at thefifth year. The tenant was granted a rent free period of 12 months.Westminster Live Limited, an existing tenant, has taken a new lease on the 9thfloor totalling 3,124 sq ft (290 sq m) for a term to expire in June 2012 at aninitial rent of ‚£99,968 per annum (‚£32 psf / ‚£344 psm).These lettings follow the recent refurbishment of both the main reception areaand 12th floor, providing a unique working environment in this landmarkbuilding which offers spectacular views over the River Thames towards theHouses of Parliament and the City.The 8th floor totalling 3,100 sq ft (288 sq m) will be available in September.It is to be refurbished and is available through letting agents EA Shaw.Sten Mortstedt, Executive Chairman of CLS, commented:"These lettings provide further evidence of the importance in offering qualityaccommodation and in working closely with existing occupiers in thiscompetitive market." -ends- For further information, please contact:Sten Mortstedt, Executive ChairmanTom Thomson, Chief Executive & Vice ChairmanKevin Chapman, UK Property DirectorCLS Holdings plcwww.clsholdings.comTel. +44 (0)20 7582 7766Ben SimonsHansard CommunicationsTel. +44 (0)20 7245 1100ENDCLS HOLDINGS PLCRelated Shares:
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