Last checked at 9 Sep 2008 17:13
Immediate Release: Tuesday 9th September 2008
CLS Holdings PLC ("CLS") Announces a New letting at Leibnizstrasse 11-13, Berlin, Germany
CLS is pleased to announce the letting of 1,118 sq m (12,034 sq ft) to bbw e.V, an association for adult education and training, and 793 sq m (8,536 sq ft) to bbw Akademie, a daughter company.
The lease granted to bbw e.V is for a term of five years with an annual mutual break clause with a six month notice period. The annual rent is ¢â€š¬162,457 (‚£ 132,160).
The lease to bbw Akademie (793 sq m) is for a term of two years without break clause with an option to prolong for a further two years following the end of the fixed term. The annual rent is ¢â€š¬115,431 (‚£93,904).
The remaining vacant space of the building of 511 sq m (5,500 sq ft) is also under negotiation with bbw and is expected to be let by mid 2009.
Executive Chairman of CLS, Sten Mortstedt, commented:
"We are pleased to secure bbw and its subsidiaries as a tenant and look forward to having a fully let property in 2009."
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For further information, please contact:
Sten Mortstedt, Executive Chairman
Henry Klotz, Chief Executive Officer
CLS Holdings plcTel. +44 (0)20 7582 7766www.clsholdings.com
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