Embargoed Release: 07:00hrs Tuesday 25th March 2008
CLS HOLDINGS PLC
("CLS")
CLS ACHIEVES FULL OCCUPANCY AT WESTMINSTER TOWER, LONDON, SE1
The Board of CLS Holdings plc is pleased to announce the letting of the last
available floor at Westminster Tower, 3 Albert Embankment, London, SE1.
A new lease to Trustwave Limited ("Trustwave") has completed on the remaining
8th floor, comprising 3,100 sq ft (288 sq m). Trustwave has signed a five year
lease at a rent of £113,150 per annum (£36.50 per sq ft / £392.90 per sq m)
with an option to determine upon the expiry of the third year. Three months
rent free was granted plus a further two months should the break option not be
exercised.
Westminster Tower is a landmark building on the Southbank, comprising 47,600 sq
ft (4,422 sq m) of multi let offices over 15 floors. Trustwave join other
occupiers including Westminster Live, Temenos UK, Paling Walters and The
British Red Cross Society.
NB Real Estate and EA Shaw acted on behalf of CLS Holdings, Trustwave was
unrepresented.
Executive Chairman of CLS, Sten Mortstedt, commented:
"We are extremely pleased that Westminster Tower is once again fully let and
this is an indication that occupier requirements remain strong for offices on
the Southbank."
-ends-
For further information, please contact:
Sten Mortstedt, Executive Chairman
Per Sjöberg, Chief Executive Officer
CLS Holdings plc
www.clsholdings.com
Tel. +44 (0) 20 7582 7766
Adam Reynolds
Hansard Group
www.hansardgroup.co.uk
Tel. +44 (0) 20 7245 1100
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.