|Public (LSE: CLI)|
|Headquarters||London, United Kingdom|
(Non-Executive Vice Chairman)
(Chief Executive Officer)
(Chief Financial Officer)
|Revenue||£128.5 million (2016)|
|£120.2 million (2016)|
|£98.3 million (2016)|
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.
The company was established by Sten Mörtstedt in 1987 and was first listed on the London Stock Exchange in 1994. 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.
Fredrik Widlund joined as CEO in November 2014, having previously been at GE Capital. In March 2016 Henry Klotz became Executive Chairman and Sten Mortstedt became Executive Director. 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.
The company’s property portfolio was valued at circa £1.6 billion as at 31 December 2016. One of the company’s largest schemes is Vauxhall Square, a mixed-use scheme in the Vauxhall area of London.
- "Annual Results 2016" (PDF). CLS Holdings. Retrieved 16 April 2017.
- "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.