Sign In
Last checked at 
12 Nov 2008 14:54
Immediate Release: Wednesday 12 November 2008
CLS Holdings PLC ("CLS") Announces a New Letting at Maximilian Forum, Martinsried, Germany
CLS is pleased to announce a further letting of 1,200 sq m (12,917 sq ft) at Maximilian Forum to MediGene AG, a biotech company who concentrates on researching, developing, and commercialising novel drugs in two therapeutic areas: cancer and autoimmune diseases.
The lease (1,200 sq m) is for a term of eight years with an option to prolong for five years at the end of the fixed term. There is no break option. The annual rent is ¢â€š¬152,000 (‚£123,356) with annual indexation to German CPI.
MediGene AG now occupy (including this letting) a total area of 5,970 sq m (64,583 sq ft) at Maximilian Forum which generates a total rent of ¢â€š¬892,320 per annum (‚£724,162 per annum).
Sten Mortstedt, Executive Chairman of CLS, commented:
"We are delighted that Medigene have the requirement for further space within this property and we look forward to our continued relationship with them."
-ends-
For further information, please contact:
Sten Mortstedt, Executive Chairman
Henry Klotz, Chief Executive Officer
CLS Holdings plcTel: +44 20 7582 7766www.clsholdings.com
vendor
Follow the stocks
