CLS Holdings Regulatory News (CLI)

2 May 2006 07:00

Release date: 2nd May 2006Embargoed until: 07:00 CLS HOLDINGS PLC FURTHER LETTINGS IN SOLNA BUSINESS PARK The Board of CLS Holdings plc ("CLS") is pleased to announce that SolnaBusiness Park has signed a further four leases for an aggregate of 17,377 sq m(187,000 sq ft) at a total annual rent of SEK 32,066,500 (‚£2,393,000),increasing the occupancy rate to 94% from 84%.The largest letting is the EDB building, where EDB Business Partner Sverige ABhas opened a new head office for their Swedish operation. EDB is one of theleading IT groups in Scandinavia and employs 1,300 people in Sweden.This letting at Sliparen 2 comprises 14,750 sq m (157,382 sq ft) and 206 carparking spaces, with an option of a further 2,000 sq m (21,340 sq ft) from 1stDecember 2006. The lease is for a term of 10 years with a break option for EDBafter 6 years."The reason for EDB choosing Solna Business Park is the good geographicallocation, the first class communications, the proximity to Arlanda Airport andStockholm city and the variety and quality of services in the area. Inaddition, EDB would be able to grow naturally in the building during theexpansion phase in which the company at present finds itself," says Arne Roglarof Struktur Svenska Kontor, who has been the tenant's agent in the search forpremises.The other three lettings are:Itella AB, comprising 1,290 sq m (13,764 sq ft) in Frƒ¤saren 12 from 1stSeptember 2006 for a term of 5 ‚½ years. Itella AB is owned by Finnish Post anddelivers outsourcing within IT logistics.OLW produces and sells snacks and is part of the Norwegian group Orkla. Theymoved into Smeden 1 on 1st April 2006 on a 6-year lease for 789 sq m (8,418 sqft).Stadium Promotions AB moved into Smeden 1 on 1st April 2006 on a 6-year leasefor 548 sq m (5,847 sq ft). Stadium Promotions, a subsidiary of Stadium AB, isactive in the area of campaigning and profiling products for companies andorganisations.Executive Chairman in CLS, Sten Mortstedt, commented:"We welcome our new tenants warmly. It is a pleasure to know that companiesfrom different sectors appreciate our concept in Solna Business Park and ourlocation and chose to rent premises with us in today's competitive officemarket in Greater Stockholm. An inviting exterior, flexible accommodation,P-marked (environment marked) buildings combined with good communications and alarge number of services all add up to making Solna Business Park attractive tothe market. Our vacancy rate is now only 6 percent and is expected to decreasefurther in the near future." -ends- For further information, please contact:Sten Mortstedt, Executive ChairmanPer Sjƒ¶berg, Chief Executive OfficerDan Bƒ¤verstam, Chief Financial OfficerCLS Holdings plcwww.clsholdings.comTel. +44 (0)20 7582 7766Adam Reynolds/Ben SimonsHansard CommunicationsTel. +44 (0)20 7245 1100ENDCLS HOLDINGS PLC