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CLS forecasts full-year performance in line on improved occupancy

Thursday, 22nd November 2018
CLS said Thursday it expected full-year performance in line with expectations after reporting 'robust' performance across each of its markets in the UK, Germany and France for the period from July through to 21 November.

For the period from July to 21 November, the company reported a net reduction in vacancies of 83,000 sq ft since 30 June.

The company also highlighted new leases during the period including 75,390 sq ft to four tenants at East Gate in Munich, and 23,594 sq ft to IWG Group at One Elmfield Park in Bromley.

'We remain confident that our results will be in line with market expectations for the full year, notwithstanding the current political and economic uncertainties,' said Chief Executive of CLS, Fredrik Widlund.

'Our cost of debt is at a historical low, we have a strong balance sheet with substantial liquid resources and are well positioned to take advantage of opportunities as they arise.'

At 8:17am: (LON:CLI) CLS Holdings PLC share price was -0.25p at 201.25p

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