CLS Holdings buys two London sites for £66m
CLS Holdings
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16:40 25/04/24
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CLS Holdings said it had bought two office buildings in London for £66.65m excluding costs. The properties have a blended annual passing rent of £4.2m and a net initial yield of 6.2%, which would provide a “meaningful” addition to the company's rental income.
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The company said it would pay for the acquisitions through existing resources and bank financing. Completion is expected within four weeks.