6th Sep 2006 16:05
Release date: 6th September 2006 - Immediate release FURTHER LETTINGS AT SOLNA BUSINESS PARK, STOCKHOLM ("SOLNA") REDUCE RENT GUARANTEE LIABILITY OF CLS HOLDINGS PLC ("CLS") CLS is pleased to announce that it has let a further 3,466 sq m (37,309 sq ft)of vacant space to three new tenants at Solna Business Park.The lettings reduce the liability of CLS for a rent guarantee obligation thatwas attached to the sale of Solna on its sale to Fabege AB on 21st August 2006.The rent guarantee at the time of the sale of ‚£3.75 million (SEK 51.8 million)has now been reduced by ‚£1.1 million (SEK 15.0 million) as a result of theselettings. The rent guarantee remaining amounts to ‚£2.7 million (SEK 36.8million) in respect of the vacant space of 7,534 sq m (81,097 sq ft).Executive Chairman of CLS, Sten Mortstedt, said:"I am pleased that the strong letting momentum that we have created at Solna iscontinuing. The reduction of our outstanding rent guarantee through theselettings effectively increases the net proceeds of the sale to CLS and I amconvinced that we will continue to find good quality tenants for the remainingvacant space." -ends- For further information, please contact:Sten Mortstedt, Executive ChairmanPer Sjƒ¶berg, Chief Executive OfficerCLS Holdings plcwww.clsholdings.comTel. +44 (0)20 7582 7766Adam Reynolds/Ben SimonsHansard CommunicationsTel. +44 (0)20 7245 1100ENDCLS HOLDINGS PLCRelated Shares:
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