CLS Holdings Regulatory News (CLI)

CLS Holdings plc

("CLS", the "Company", the "Group")

announces the completion of an acquisition in Düsseldorf

Further to our announcement on 11 July 2016, CLS confirms it has duly completed on the acquisition of Parsevalstrasse 11, Düsseldorf for €43.6 million including costs. The property generates net rental income of €3.1 million, reflecting a net initial yield of 7.1%, and has been financed with a local bank at an all-in cost fixed for seven years at 0.92%. The building benefits from a high occupancy rate and presents significant scope for future rental uplifts and other asset management opportunities.

Fredrik Widlund, Chief Executive of CLS, commented:

"We are delighted to have acquired this investment, which adds significantly to the Group's cash flow and provides strong asset management opportunities in the short to medium-term. The transaction underlines our ongoing confidence in the German property market and, as a long-term investor, we believe our broader European portfolio, with its diversified tenant base, will continue to provide a strong and stable income stream."

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