Business
Sale of Property
Sale of Property.
About this update from Cls Holdings Plc
[{"type":"text","content":"\n \nEmbargoed Release: 07:00hrs 20 August 2009\n\n CLS HOLDINGS PLC (\"CLS\") ANNOUNCES THE SALE OF \n\n 2 DEANERY STREET, LONDON FOR £2.23 MILLION \n\nThe Board of CLS is pleased to announce the sale of 2 Deanery Street, London W1\nto Malcom Paul Atkins, a Knightsbridge based residential property developer.\nThe property was sold for £2.23 million with vacant possession.\n\n2 Deanery Street is a Grade II Listed terrace property and provides 197 sq m\n(2,117 sq ft) net internal office accommodation, over lower-ground, basement\nand three upper floors. CLS acquired the property in 1988 for £1.15 million.\nThe sale represents a 17.4% increase to the December 2008 valuation.\n\nSavills and Cushman Wakefield acted on behalf of CLS and Jeffries Land acted on\nbehalf of Malcom Paul Atkins.\n\nExecutive Chairman of CLS, Sten Mortstedt, commented:\n\n\"Deanery Street has performed well as an asset for a number of years, however\nas a non core holding we are delighted to complete this sale and at a price\nwhich was well in excess of the December valuation.\"\n\n -ends- \n\nFor further information, please contact:\n\nSten Mortstedt, Executive Chairman\n\nHenry Klotz, Chief Executive Officer\n\nCLS Holdings plc\n\nTel. +44 (0)20 7582 7766\n\nwww.clsholdings.com\n\n\n \n ","length":1528,"tagName":"div"}]