CLS Holdings
Property company of the United Kingdom
 | |
| Company type | Public |
|---|---|
Traded as | LSE: CLI FTSE 250 component |
| Industry | Property |
| Founded | 1987 as Central London Securities |
| Headquarters | London, England, UK |
Key people | Henry Klotz (Executive Chairman) Anna Seeley (Non-Executive Vice Chairman) Fredrik Widlund (Chief Executive Officer) John Whiteley (Chief Financial Officer) |
| Revenue |  £148.7 million (2023)[1] |
 £(223.4) million (2023)[1] | |
Net income | £(249.8) million (2023)[1] |
| Website | www |
CLS Holdings plc is a British commercial property investment business based in London, England. It is listed on the London Stock Exchange.
History
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 for £30 million in January 2008.[3]
Fredrik Widlund joined as CEO in November 2014, having previously been at GE Capital. In March 2016 Henry Klotz became Executive Chairman and Sten Mörtstedt became executive director.[4] 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.[5]
The former executive director Sten Mörtstedt died in December 2020 at the age of 80.[6]
Operations
One of the company's largest schemes is Vauxhall Square, a mixed-use scheme in the Vauxhall area of London.[7] The company's property portfolio was valued at circa £1.9 billion as at 31 December 2023.[1]
References
- ^ a b c d "Annual Results 2023" (PDF). CLS Holdings. Retrieved 6 March 2024.
- ^ "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.
- ^ "Announcement of death of Mr Mortstedt". Retrieved 4 May 2021.
- ^ "CLS is a capital proposition". Shares Magazine. 2 May 2013. Retrieved 16 December 2014.
External links
- Official site
- v
- t
- e
Bodies
Regulation
- Assured shorthold tenancy
- Authorised Conveyancing Practitioners Board
- Building regulations in the United Kingdom
- Council for Licensed Conveyancers
- Land tenure in England
- Land Registry
- The Property Ombudsman
- Right to buy
- Right to Manage
- Short Assured Tenancy (Scotland)
- Tenancy Deposit Scheme (England and Wales)
- Tenancy deposit schemes (Scotland)
Category
