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CLS lets office complex Gotic Haus, Dortmund to government department

ALN

CLS Holdings PLC on Thursday said it has signed an eight-year lease with a government department at its office complex Gotic Haus in Dortmund, Germany.

The London-based commercial property investment company said it has let out 14,700 square metres of office space and 290 parking spaces.

The lease will begin on September 1 next year following completion of a refurbishment and fit-out programme by CLS.

The rent is index-linked to Germany’s consumer price index and the total rental income for the building will increase to over €4.0 million per annum.

CLS said the former anchor tenant left in June and the building is now over 80% let with on-going discussions for the remaining approximate 20%.

Rolf Mensing, head of Germany at CLS, said: ‘We are delighted to welcome the new tenant to Gotic Haus in Dortmund. The letting reflects what drives success in the German office market: active asset management, close partnerships with occupiers, and the ability to configure space to tenant’s precise operational needs.

‘Our investment in building quality and energy efficiency, reflected in Gotic Haus’s BREEAM In-Use ’Very Good’ rating, supports durable, index-linked income and underlines the appeal of well-located, sustainable offices in Germany.’

Shares in CLS Holdings rose 3.5% to 62.30 pence on Thursday around midday in London.

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