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Interim Results

CLS well positioned for future growth

16 August 2017 09:49

CLS Holdings' EPRA net assets per share rose by 9.3% to 268.5p in the six months to the end of June and net assets per share were up 10.1% at 236.9p.

The total return was 12.0% compared with 7.1% last time.

Executive chairman Henry Klotz said: "The first half of 2017 has been transformative for the group.

"We crystallised the significant value our team created at the Vauxhall Square scheme and, through our significant recent investments in Germany, we have begun to redeploy the capital in well-located properties with good asset management opportunities, thereby rebalancing the portfolio.

"Notwithstanding early signs of weakness in the UK property market, we are well positioned for future growth, with a high quality portfolio across the three largest European economies, a low vacancy rate with good tenants and a strong balance sheet."

At 9:49am: (LON:CLI) CLS Holdings PLC share price was +2.95p at 217.25p

Story provided by StockMarketWire.com

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