REG - CLS Holdings PLC - CLS secures over 8,000 sq. ft at The Coade

CLS HoldingsAnnouncement

Today 07:00

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RNS Number : 3124U  CLS Holdings PLC  07 August 2025

 

Release date:                7 August 2025

Embargoed until:           07:00 am

 

 

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

CLS secures over 8,000 sq. ft of new leases at The Coade, Vauxhall

 

 

CLS is pleased to announce lettings totalling 8,040 sq. ft (747 sqm) at The
Coade, 98 Vauxhall Walk, London.

 

The Coade (https://thecoade.london/) , CLS' newly developed 27,723 sq. ft
(2,575 sqm) office building in the heart of Vauxhall, continues to attract a
diverse mix of occupiers with three new leases agreed.

 

In May, National Skills Academy for Rail (NSAR), a rail consulting company,
signed a 5-year lease for 1,862 sq. ft (173 sqm) on the first floor. Since
July, Wellers, a long-established accountancy and professional advice firm,
signed a 10-year lease for 3,090 sq. ft (288 sqm) on the third floor and we
have also agreed heads of terms with a business-to-business media company for
a 5-year lease for 3,088 sq. ft (287 sqm) on the second floor.

 

The leases were at an average of £48 per square foot, which is in line with
the latest estimated rental values and underscores the strong demand for
high-quality, flexible workspace in Vauxhall.

 

With these new occupiers joining the existing tenants, cyber security firm
Cybanetix and local business group Vauxhall One, 50% of the floors at the
Coade are now let and home to a vibrant and varied occupier community,
demonstrating its appeal across diverse sectors.

 

More information about The Coade can be found here (https://thecoade.london/)
.

 

Fredrik Widlund, Chief Executive Officer of CLS, commented:

 

"We are very excited to welcome the new tenants to The Coade. Their arrival
highlights both the quality of our development and the continued appeal of
Vauxhall as a business destination. The Coade is a stunning addition to
Vauxhall, attracting a diverse and growing mix of tenants who are drawn to its
design, sustainability credentials, and central location."

 

-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

 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)

 

 

 

 

 

 

 

 

 

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