LONDON, UK: CLS announces that it has unconditionally exchanged or completed on three property disposals for a total of £49.0 million excluding costs at an average of 7.5% above 31 December 2022 valuations. CLS has unconditionally exchanged contracts to sell Westminster Tower, Albert Embankment to Australian developer Third.i with expected completion in September 2023. Having…
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CLS Holdings to acquire office building in Dortmund for €66.25mn
LONDON, UK: CLS Holdings has unconditionally exchanged contracts to acquire a 23,982 sqm / 258,140 sq. ft office building in Dortmund for €66.25 million (€2,763 per sqm) excluding costs. The property is located in a prime office location in the CBD of Dortmund, next to the central shopping district. The Central Station is within 800m…
CLS Holdings acquires office building in Dusseldorf
LONDON, UK: CLS Holdings has unconditionally exchanged contracts to acquire a 9,168 sqm / 98,684 sq. ft office building in Dusseldorf for €25 million (€2,724 per sqm) excluding costs from alstria office REIT-AG. Kanzlerstraße 8 is situated in a well-connected and growing submarket in Dusseldorf. The overground station, Dusseldorf Rath, and the underground station, Rather…
CLS Holdings announces €89.7 million property acquisitions in Germany
LONDON: CLS Holdings has unconditionally exchanged contracts to acquire a portfolio of three office buildings in Düsseldorf, Berlin and Hamburg for €89.7 million, excluding costs, from Commodus Real Estate. The three properties are occupied by 31 tenants, providing a diversified and stable cashflow. The buildings are currently 93% occupied with a WAULT of 4.9 years…
CLS Holdings announces €38.2 million acquisition of The Brix
LONDON: CLS Holdings has unconditionally exchanged contracts to acquire “The Brix” office building at Kruppstrasse 16, in Essen, Germany for €38.2 million. The acquisition will complete in early 2021. The property is a factory-style office building located in the central business district of Essen. The offices are split across five interconnected buildings ranging from three…
CLS Holdings announces £55.9 million acquisitions in Berlin and Watford
LONDON: CLS Holdings Plc has unconditionally exchanged contracts to acquire two office properties in Berlin, Germany, and Watford, United Kingdom, for a combined total of £55.9 million excluding costs. Both acquisitions will complete in early 2021. The first property, Kaiserin-Augusta-Allee 112 & 113 (‘Goldstuck’), is a six-storey office composed of two adjoined buildings located in…
CLS Holdings announces sale of Bismarckallee 18-20, Freiburg for €22.5 million
LONDONL: CLS Holdings has unconditionally exchanged contracts to sell Bismarckallee 18-20 in Freiburg for €22.5 million excluding costs, with completion expected in December 2020. Bismarckalee 18-20 was acquired by CLS in 2013 and consists of 7,500 sqm (80,729 sq. ft) of office and retail space over nine floors. The building is 85% let to Volksbank…
CLS Holdings completes £154 million long-term, green loan with Aviva Investors
LONDON, UK: CLS Holdings has completed a £154 million loan with Aviva Investors which is secured on a portfolio of 12 UK properties, a news release said. This loan replaces three existing loans of £67 million, which were due to expire in 2020 and 2021, as well as gearing unencumbered properties and will result in…
CLS acquires multi-let office space in Staines for £19 million
LONDON, UK: CLS Holdings has unconditionally exchanged contracts to acquire ‘TWENTY’ Kingston Road in Staines for £19.0 million. Completion is planned for 3 February 2020. TWENTY comprises 44,230 sq. ft (4,109 sqm) of grade A, multi-let office space in Staines. The building has excellent transport links and is a short walk away from Staines train…
CLS Holdings sells 19 regional offices in UK for £65 million
LONDON, UK: CLS Holdings has sold a portfolio of 19 regional offices in the UK for an aggregate cash consideration of £65 million to Elite Capital Partners – a Singaporean investment firm. The offices are located across the UK outside of the South East and, following major lease re-gears last year, have less active asset…