Last checked at 14 Jan 2008 07:00
Embargoed Release: 07:00hrs Monday 14 January 2008
CLS HOLDINGS PLC ("CLS") ACHIEVES FULL OCCUPANCY AT CI TOWER, NEW MALDEN
The Board of CLS Holdings Plc is pleased to announce the letting of the last available floor at CI Tower, New Malden.
A new lease to CMP Information Limited has completed on 2,212 sq ft of the remaining part 11th floor CI Tower, a 16 storey multi let landmark building, adjacent to New Malden station. CMP Information has signed a five year lease at a rent of ‚£45,350 per annum (‚£20.50 per sq ft) with an option to determine at the expiry of the third year. Four months rent free was granted, plus a further one month should the break option not be exercised.
The lease is guaranteed by United Business Media Group Limited the parent company of CMP Information, who join a number of other occupiers within CI Tower including Hays Specialist Recruitment and Flight Centre.
Cattaneo Commercial and Hargreaves Newberry Gyngell acted on behalf of CLS.
Executive Chairman of CLS, Sten Mortstedt, commented:
"We are very pleased that CI Tower is once again fully let and this is a clear indication that there is good demand from occupiers looking for well specified offices close to the station and New Malden High Street".
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For further information, please contact:
Sten Mortstedt, Executive Chairman
Per SjĦberg, Chief Executive Officer
CLS Holdings plcTel. +44 (0) 20 7582 7766www.clsholdings.comAdam ReynoldsHansard GroupTel. +44 (0)20 7245 1100www.hansardgroup.co.uk
CLS HOLDINGS PLC