CLS has issued a positive trading update for the period 1 July to 22 November. The announcement highlights the continued rebalancing of the portfolio with the disposal of non-core assets in France and London and the acquisition of higher yielding properties in Germany. Occupancy in London remains resilient and vacancy rates have fallen in Germany and France. The geographical spread and weakness of sterling continue to have a positive impact on profitability and NAV. We have increased our 2016
23 Nov 2016
Upbeat trading update
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Upbeat trading update
CLS Holdings plc (CLI:LON) | 88.7 -0.9 (-1.1%) | Mkt Cap: 352.5m
- Published:
23 Nov 2016 -
Author:
Barrie Cornes -
Pages:
5
CLS has issued a positive trading update for the period 1 July to 22 November. The announcement highlights the continued rebalancing of the portfolio with the disposal of non-core assets in France and London and the acquisition of higher yielding properties in Germany. Occupancy in London remains resilient and vacancy rates have fallen in Germany and France. The geographical spread and weakness of sterling continue to have a positive impact on profitability and NAV. We have increased our 2016