REG - CLS Holdings PLC - CLS leases over 8,900 sqm in Hamburg, Germany

CLS HoldingsAnnouncement

04/09/2024 07:00

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RNS Number : 7615C  CLS Holdings PLC  04 September 2024

 

 

 

 

 

 

 

 

 

 

PRESS RELEASE

 

 

Release date:                4 September 2024

Embargoed until:           07:00 am

 

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

CLS leases over 8,900 sqm in Hamburg, Germany

 

CLS announces it has let 8,939 sqm (96,219 sq. ft) at Fangdieckstrasse 75 in
Hamburg to the Hamburg Institut für Pathologie und Hämatopathologie (HPH).

 

The HPH Institute, which specialises in the diagnosis of haematological
diseases, has extended its existing lease of 5,628 sqm (60,579 sq. ft) of
office and laboratory space until 2035 and has leased an additional 3,311 sqm
(35,639 sq. ft) of office and production space in the property. The HPH
Institute will move into the additional space from September 2024, following
the current occupier's lease surrender, meaning the property will remain fully
let.

 

Fangdieckstrasse 75 was acquired by CLS in 2007 and has since been fully
refurbished and successfully repositioned as a science and healthcare hub. The
multi-tenant property has 13,092 sqm (140,921 Sq. ft) and offers a mix of
office, light industrial, and laboratory space.

 

Located close to the 'Science City Hamburg Bahrenfeld' area of Hamburg,
occupied by science and technology start-ups, the property is well connected
to major transport links.

 

Fredrik Widlund, Chief Executive Officer of CLS, commented:

 

"We are thrilled that HPH has not only extended their existing lease for over
10 years but has also chosen to lease additional space in Fangdieckstrasse 75.
Hamburg-Bahrenfeld is an up-and-coming commercial area and CLS has
successfully repositioned the property as an attractive location for science
and technology organisations, and demand from occupiers in this sector remains
high."

 

-ENDS-

 

 

 

For further information, please contact:

 

CLS Holdings plc

(LEI: 213800A357TKB2TD9U78)

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

Fredrik Widlund, Chief Executive Officer

Andrew Kirkman, Chief Financial Officer

+44 (0)20 7582 7766

 

Media Contact:

 

Edelman Smithfield (Financial PR)

Alex Simmons

+44 7970 174 353

Hastings Tarrant

+44 7813 407 665

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

 

Broker Contacts:

 

Panmure Liberum

Jamie Richards

David Watkins

+44 (0)20 3100 2000

 

Berenberg

Matthew Armitt

Richard Bootle

+44 (0) 203 207 7800

 

Registered in England No. 2714781. Registered Office as above

 

 

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