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Trading statements

CLS remains well positioned

23 November 2016 07:20

CLS Holdings says it remains well positioned to take advantage of future opportunities and to continue delivering value and cash for shareholders.

Chief executive Fredrik Widlund said: "Since 1 July, we have continued to rebalance our portfolio, with the disposals of non-core assets in France and London and the acquisition of higher yielding properties in Germany.

"I am pleased to report that occupier markets in London have remained resilient to the uncertainty created by Brexit, whilst vacancy rates have fallen in Germany and, in particular, in France.

"Our geographical diversification and the relative strength of our non-sterling assets continue to positively contribute to the net assets and profits of the Group. "With the cost of debt at an historical low, a strong balance sheet and low vacancy levels, we remain well positioned to take advantage of future opportunities and to continue delivering value and cash for shareholders."

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