CLS Holdings completes Swedish exit
4th May 2016 13:13
(ShareCast News) - CLS Holdings completed its exit from Swedish property on Wednesday, netting SEK 590m for Vänerparken in Vänersborg. The 418,800 sq ft mixed-use office, educational, residential, leisure and medical complex - CLS's last remaining in the country - was acquired by Bengt Linden AB. I
Read moreFTSE 250 movers: Ted Baker boosted as strike threat hits Wood Group
25th Apr 2016 14:07
(ShareCast News) - The FTSE 250 remained in the black in afternoon trading on Monday, though some stocks were under the pump as crude and copper prices fell. Ted Baker was one of the leading risers, after analysts at Jefferies upgraded the stock to 'buy' from 'hold', though they did cut the price ta
Read moreFTSE 250 movers: TalkTalk up after company admits security shortfalls
8th Mar 2016 14:01
(ShareCast News) - The FTSE 250 was trending down in afternoon trading on Tuesday, after weak data from China fuelled global concerns about the economic health of the People's Republic. CLS Holdings led the risers, after it had its 'buy' rating restated by equities researchers at Panmure Gordon. The
Read moreCLS portfolio up, profits down by a third
8th Mar 2016 07:38
(ShareCast News) - CLS Holdings described itself as being in a strong position on Tuesday, as it revealed a drop in profit but a robust portfolio in its final results for 2015. The FTSE 250 property investment firm saw EPRA net assets per share rise 17.4% during the calendar year to 2,083.2p, from 1
Read moreFTSE 250 movers: Home Retail leads risers over possible bidding war
22nd Feb 2016 15:29
(ShareCast News) - The FTSE 250 was firmly in the black on Monday, up 124.90 points (0.77%) to 16,282.96 by mid-afternoon. Home Retail Group led the risers following media reports over the weekend that Sainsbury's could seek an extension to the Takeover Panel's 18 March deadline, after South African
Read moreCLS Holdings disposes of Swedish property
19th Feb 2016 07:52
(ShareCast News) - CLS Holdings has exchanged contracts to sell its Vänerparken property in Sweden for SEK590m (£48.8m) to privately-owned real estate company Bengt Linden AB. The 418,813 sq ft mixed-use property comprises offices and education, and leisure and healthcare facilities on which leases
Read moreCLS adds replaces Vauxhall Square hotel with office space
11th Feb 2016 08:18
(ShareCast News) - CLS Holdings managed a win at the Lambeth Council this week, with the company revealing on Thursday that the borough's planning committee had granted an amendment to its mixed use Vauxhall Square SW8 development on the south bank of the Thames. The FTSE 250 firm said the principal
Read moreCLS Holdings purchases two new office blocks for £10.6m
19th Jan 2016 07:33
(ShareCast News) - CLS Holdings has purchased two office blocks in London and the South East for £10.6m. The FTSE 250 company announced the deals on Tuesday, and said the acquisitions "present good refurbishment and repositioning opportunities for CLS's core asset management business." One Elmfield
Read moreFTSE 250 movers: Ocado keeps falling, Allied Minds lifted by paper tip
4th Jan 2016 14:10
(ShareCast News) - With less exposure to international companies than the blue chip benchmark, the FTSE 250 index was down 1.5% by mid afternoon, compared to the 2%-plus dip of the FTSE 100. Worries about China were the cause of the widespread losses in London, Europe and the US on Monday, but the U
Read moreCLS sells London car park leasehold for GBP24m
14th Dec 2015 07:27
(ShareCast News) - CLS Holdings said it has sold a 250 year leasehold interest in a London car park for £24.8m to Urbanest, the specialist central London student accommodation developer and operator. The car park site in Vauxhall has planning consent for a 454 room, 30 storey student building as par
Read moreCLS 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
Read moreCLS Holdings acquires Chancery House
5th Oct 2015 07:36
(ShareCast News) - CLS Holdings has purchased Chancery House in Sutton for £10.2m. The FTSE 250 company announced the deal for the eight storey office building on Monday. The company said it has identified opportunities to improve the building for its occupiers and attract more tenants to move in.
Read moreCLS selling six properties for £7.4m
10th Sep 2015 07:42
(ShareCast News) - CLS Holdings said it was selling six UK properties for a total of £7.4m. The company said the total sale value was £1.6m above their external valuation at 31 December 2014, but in line with those at 30 June 2015. It added that contracts had been exchanged on all properties. Five
Read moreCLS Holdings posts strong interim results
12th Aug 2015 08:00
(ShareCast News) - Investment group CLS Holdings reported an increase in net assets, pre-tax profit and operating cash flow in the first six months of the year. In the six months to the end of June, the group, which owns assets in Britain, Sweden, France and Germany, posted a 7.9% increase year-on-y
Read moreCLS Holdings acquires office building in Bracknell
21st May 2015 08:29
Property investment group CLS Holdings has acquired the Reflex office building in the Berkshire town of Bracknell for £21.7m at an initial yield of 8%. In a short statement released on Thursday, CLS said the building, which is let to four tenants and generates rental income of £1.8m, hosts the Europ
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