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Property company of the United Kingdom From Wikipedia, the free encyclopedia
CLS Holdings plc is a British commercial property investment business based in London, England. It is listed on the London Stock Exchange, and specializes in office space across the UK, Germany and France.
Company type | Public |
---|---|
LSE: CLI FTSE 250 component | |
Industry | Property |
Founded | 1987 as Central London Securities |
Headquarters | London, England, UK |
Key people | Lennart Sten (Independent Non-Executive Chairman) Anna Seeley (Non-Executive Director and Vice Chairman) Fredrik Widlund (Chief Executive Officer) Andrew Kirkman (Chief Financial Officer) |
Revenue | £148.7 million (2023)[1] |
£(223.4) million (2023)[1] | |
£(249.8) million (2023)[1] | |
Website | www |
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 in January 2008.[3] Richard Tice was appointed CEO in 2010.[4]
Fredrik Widlund replaced Richard Tice as CEO in November 2014, having previously been at GE Capital.[5]
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.[6]
The former executive director Sten Mörtstedt died in December 2020 at the age of 80.[7]
The company's property portfolio was valued at circa £1.9 billion as at 31 December 2023.[1]
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