CLS signs new lease for Pierre Valette, Paris

Summary by AI BETAClose X

CLS has signed a new firm 9-year lease with Colt starting 1 January 2027 for 10,778 sqm (116,013 sq ft) plus 120 parking spaces at Pierre Valette, Malakoff, securing rental income above €1.7 million per year, agreed at 2.7% above passing rent and in-line with ERV; the lease is ILAT-indexed, providing inflation-linked income protection and reducing vacancy risk ahead of improved connectivity from the Grand Paris Express Line 15 station opening April 2027.

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CLS Holdings (CLI)
UK 100

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