CLS says rental incomes up in second half of 2015

11th Nov 2015 07:47

(ShareCast News) - Property investment company CLS Holdings said the second half of 2015 had been "active" with more than £80m in new financing and lettings increasing in rental value since last December.In a trading update for the quarter to 10 November, the company said it was well positioned "to take advantage of future opportunities and to continue delivering value for our shareholders".CLS said it had "liquid" resources of more than £158m, comprising £55m in cash, £67m of corporate bonds, and available undrawn facilities in excess of £36m.Executive Chairman Sten Mortstedt said CLS had gained an enhanced planning resolution its at Spring Mews and Westminster Tower project."I am also pleased that we have met the conditionality of our agreement for the student building at Vauxhall Square, and that our refurbishment programme continues to provide high quality and affordable office space across our portfolio," he said.