CLS Holdings
 | |
| Company type | Public (LSE: CLI) |
|---|---|
| Industry | Property |
| Founded | 1987 as Central London Securities |
| Headquarters | London, United Kingdom |
Key people | Henry Klotz (Executive Chairman) Anna Seeley (Non-Executive Vice Chairman) Fredrik Widlund (Chief Executive Officer) John Whiteley (Chief Financial Officer) Sten Mörtstedt (Executive Director) |
| Revenue | £138.3 million (2019)[1] |
| £183.4 million (2019)[1] | |
| £134.7 million (2019)[1] | |
| Website | www.clsholdings.com |
CLS Holdings plc is a British commercial property investment business. The Company puts an emphasis on active management, using in-house teams instead of outsourcing. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
History
The company was established by Sten Mörtstedt in 1987 and was first listed on the London Stock Exchange in 1994.[2] The Company was one of the original three investors in The Shard development at London Bridge in 2006 but sold its interest for £30 million in January 2008.[3]
Fredrik Widlund joined as CEO in November 2014, having previously been at GE Capital. In March 2016 Henry Klotz became Executive Chairman and Sten Mörtstedt became Executive Director.[4] Historically, the Company made shareholder distributions by way of a tender offer buy-back, but announced in February 2017 the introduction of a dividend, and a proposed share sub-division.[5]
Operations
The company's property portfolio was valued at circa £2.0 billion as at 31 December 2019.[1] One of the company's largest schemes is Vauxhall Square, a mixed-use scheme in the Vauxhall area of London.[6]
References
- ^ a b c d "Annual Results 2019" (PDF). CLS Holdings. Retrieved 5 March 2020.
- ^ "CLS builds value". Interactive Investor. 2 October 2014. Retrieved 16 December 2014.
- ^ "Shard of Glass shareholder sells stake as Qataris move in". London SE1. 10 January 2008. Retrieved 16 December 2014.
- ^ "Final Results". Retrieved 9 March 2017.
- ^ "Introduction of dividend". Retrieved 9 March 2017.
- ^ "CLS is a capital proposition". Shares Magazine. 2 May 2013. Retrieved 16 December 2014.
