PRESS
RELEASE
Release
date:
09 January 2025
Embargoed
until:
07:00 am
CLS Holdings plc ("CLS" or
the "Group")
CLS leases 29,816 sq. ft for
10 years at Fetter Lane, EC4
CLS is pleased to announce a 10-year
lease with law firm, Signature Litigation LLP ("Signature"), for
29,816 sq. ft (2,770 sqm) of office space at 138 Fetter Lane,
London EC4A 1BT. The letting was completed at 2.3% above latest
estimated rental value ("ERV").
138 Fetter Lane is a mixed-use
property located in the heart of Midtown in central London. It is
in close proximity to the Royal Courts of Justice and the Rolls
Buildings and is ideally placed for firms operating within the
legal sector.
The office space at Fetter Lane was
comprehensively refurbished in 2014 which included adding
additional office space to the existing building whilst respecting
the sensitive nature of its location next to Kings College Library
and St Dunstan's Church. Following completion of the refurbishment,
Signature initially took 10-year leases of the Courtyard and
1st Floor with the Ground and 2nd Floors
being let to the other occupiers.
As part of their plans to expand,
Signature have now agreed to take a 10-year lease over the entirety
of the office space from June 2025. This will see Signature double
their space and allow them to apply their own branding to the
building. The building has an EPC rating of B and a BREEAM rating
of Very Good. It also benefits from various staff amenities and an
attractive reception sitting behind a prominent façade on Fetter
Lane.
Fredrik Widlund, Chief Executive Officer of CLS,
commented:
"We are delighted to announce this significant lease agreement
with a long-standing customer. The deal reaffirms CLS commitment to
supporting our customers in expanding their businesses by providing
modern, sustainable office accommodation in attractive locations.
We very much look forward to continuing our relationship with
the Signature team and wish them well with their future
strategy."
-ENDS-
For further information, please
contact:
CLS
Holdings plc
(LEI:
213800A357TKB2TD9U78)
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