CLS has unconditionally exchanged contracts to acquire 2 London office buildings for a consideration of £66.65m, excosts. The deal adds nearly 4% to the Net Rental Income and is c3% EPS enhancing in a full year. As a result, we raise our Target Price by 10p to 310p, implying 30% upside. This brings the total to 8 properties bought this year, with 7 disposals. We believe CLS Holdingsshould be a core holding in any investor’s exposure to the commercial property sector. BUY