REG - CLS Holdings PLC - CLS announces sale of The Brix, Essen

CLS HoldingsAnnouncement

Today 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20260427:nRSa9111Ba&default-theme=true

RNS Number : 9111B  CLS Holdings PLC  27 April 2026

CLS Holdings plc

 

 
16 Tinworth Street, London

SE11 5AL, UK

  Tel : +44 (0)20 7582 7766

E : enquiries@clsholdings.com

www.clsholdings.com

 

 

 

CLS Holdings plc ("CLS", the "Company" or the "Group")

Sale of The Brix, Essen for €60 million

 

 

CLS is pleased to announce the unconditional exchange of The Brix,
Kruppstrasse 16, Essen, a 21,797 sqm (234,621 sq. ft.) office building, for
€60.0 million, in line with the 31 December 2025 valuation. Completion is
expected in Q2 2026.

 

The Brix is located in Essen's central business district, approximately 500
metres from Essen Hauptbahnhof, with strong access to local and regional
transport networks and major road connections across the Ruhr area.

 

Following the signing of a new 30-year lease with the City of Essen, CLS has
comprehensively refurbished the building. The tenant has occupied the property
since October 2025. The asset was acquired by CLS in April 2021 with vacancy
of 28%, and the successful leasing and refurbishment have repositioned The
Brix as a high-quality, sustainable office building providing long-term,
secure income.

 

The proceeds from the sale will be used to pay down debt.

 

Fredrik Widlund, Chief Executive Officer of CLS Holdings plc, said:

 

"Following completion of the lease and refurbishment, we consider this the
right time to crystallise the value of our investment through a disposal,
improving the geographical focus of our German portfolio and reducing debt.
The transformation of the building demonstrates our commitment to active asset
management and to delivering high-quality, sustainable offices that meet the
needs of long-term occupiers."

 

-ENDS-

 

For further information, please contact:

 

CLS Holdings plc

(LEI: 213800A357TKB2TD9U78)

www.clsholdings.com (http://www.clsholdings.com/)

Fredrik Widlund, Chief Executive Officer

Harry Stokes, Chief Financial Officer

+44 (0)20 7582 7766

 

Panmure Liberum

Jamie Richards

David Watkins

+44 (0)20 3100 2000

 

Berenberg

Carl Gough

Harry Nicholas

+44 (0)20 3207 7800

 

Edelman Smithfield (Financial PR)

Alex Simmons +44 7970 174 353

Hastings Tarrant +44 7813 407 665

cls@edelmansmithfield.com (mailto:cls@edelmansmithfield.com)

 

Registered in England No. 2714781. Registered Office as above.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  DISFLFSRSFISFIR



            Copyright 2019 Regulatory News Service, all rights reserved