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CLS Holdings PLC on Tuesday said leasing activity remains resilient despite slower decision-making by potential tenants, caused by economic and political uncertainty. The London-based commercial property investment company reported steady demand for quality office space and said recent significant leases in London and Germany will further reduce vacancy on a pro-forma basis. CLS is now more than halfway through its £400 million disposals programme and expects further asset sales to complete over the coming quarters. It added that refinancing is progressing well, with all £373.7 million of 2025 maturities refinanced or repaid, and notes that rent collection remains strong at 99% for the first three quarters. Chief Executive Fredrik Widlund says: ‘Although broader economic and political developments have slowed down leasing activity and decision making since the summer, leasing activity continues to hold up well, with the same value of letting transactions as last year and rental growth continuing across our markets.’ Back in late October, CLS announced the appointment of Harry Stokes as its new chief financial officer, effective from January 5, when current CFO Andrew Kirkman steps down from the board. Stokes most recently served as commercial finance director at London-based property developer Segro PLC, having joined in 2013. Outgoing CFO Kirkman will continue to provider a handover through to the end of January. CLS shares were 1.8% higher at 58.25 pence each on Tuesday morning in London. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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