CLS Holdings plc
16 Tinworth Street, London
SE11 5AL, UK
Tel : +44 (0)20 7582 7766
E : enquiries@clsholdings.com
www.clsholdings.com
CLS Holdings plc ("CLS", the "Company" or the "Group")
CLS signs new lease for over 10,700 sqm at Pierre Valette, Paris
CLS is pleased to announce a new firm 9-year lease starting 1 January 2027 with existing occupier Colt Technology Services ("Colt"), an occupier for over 25 years, for 10,778 sqm (116,013 sq. ft) of office and light industrial space, along with 120 parking spaces at 23-27 Rue Pierre Valette, 92240 Malakoff, southwest Paris.
The letting, which secures rental income above €1.7 million per year was signed at 2.7% above passing rent and in-line ERV. The lease is subject to Indice des Loyers des Activités Tertiaires (ILAT) indexation.
Located in the southwestern suburbs of Paris, 23-27 Rue Pierre Valette is a well-connected, mixed-use property comprising light industrial (including data and telecom uses), and office spaces. The building benefits from direct access to Metro Line 13, and will further enhance its connectivity when the Grand Paris Express station Fort d'Issy-Vanves-Clamart-Malakoff, part of the upcoming Line 15, opens in April 2027
Philippe Alexis, Head of France, commented:
"We are delighted to renew our relationship with Colt Telecom, a trusted, long-standing occupier at Pierre Valette. This agreement reflects both the strength of our partnership and the continued appeal of this strategic location. The area is undergoing significant infrastructure enhancements, and we look forward to working closely with Colt to support their evolving space needs."
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For further information, please contact:
CLS Holdings plc
(LEI: 213800A357TKB2TD9U78)
Fredrik Widlund, Chief Executive Officer
Patrick Symons, Chief Financial Officer
+44 (0)20 7582 7766
CLS France
Philippe Alexis, Head of France
+33 (0)1 86 26 48 50
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