CLS has sold a 250 year leasehold in the Miles Street Car Park to the specialist student accommodation developer and operator, Urbanest. The construction is due to commence in early 2016 and will represent the commencement of the implementation of the Vauxhall Square development. The group has successfully de-risked this 454 bed-roomed student accommodation building and crystallised a sizable return for shareholders. The price represents a 14.3% premium over the December 2014 book value. We t ....