tiprankstipranks
CLS Holdings Secures Major Lease with City of Dortmund
Company Announcements

CLS Holdings Secures Major Lease with City of Dortmund

Story Highlights

Pick the best stocks and maximize your portfolio:

The latest announcement is out from CLS Holdings ( (GB:CLI) ).

CLS Holdings has secured a 20-year lease agreement with the City of Dortmund for 9,634 sqm of office space at ‘THE YELLOW’ in the city’s prime CBD area. This agreement will consolidate the City of Dortmund’s Office of Public Order, increasing the property’s WAULT from 2.5 to 9 years and boosting rental income from €3.9 million to €4.8 million by 2026. This strategic move enhances CLS’s portfolio value and reflects its commitment to providing modern and sustainable office environments. The property has undergone significant repositioning with an investment programme aimed at improving tenant appeal and further enhancing its BREEAM rating.

More about CLS Holdings

CLS Holdings PLC operates in the real estate industry, focusing on providing high-quality office spaces. The company is committed to sustainable development and enhancing its property portfolio’s value through strategic investments and modernization efforts. CLS Holdings primarily targets long-term tenants in well-connected urban locations, ensuring facilities meet contemporary workplace standards.

YTD Price Performance: -13.70%

Average Trading Volume: 276,130

Technical Sentiment Consensus Rating: Strong Buy

Current Market Cap: £320.3M

For an in-depth examination of CLI stock, go to TipRanks’ Stock Analysis page.

Related Articles
TipRanks UK Auto-Generated NewsdeskCLS Holdings Executives Acquire Shares Through Incentive Plan
TipRanks UK Auto-Generated NewsdeskCLS Holdings Boosts Lettings and Reduces Debt
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App