CLS Holdings plcLSE: CLI

CLS signs new lease for Pierre Valette, Paris

· Issued by CLS Holdings plc via RNS

Summary by 6ix AI

CLS Holdings plc, a property company, signed a new firm 9-year lease with existing occupier Colt Technology Services (Colt) for 10,778 sqm (116,013 sq. ft) of office and light industrial space and 120 parking spaces at 23-27 Rue Pierre Valette, Malakoff, southwest Paris. The lease starts January 1, 2027.

Key details

  • CLS says the letting secures rental income above €1.7 million per year.
  • The lease was signed at 2.7% above passing rent (the rent being paid before the new lease) and in line with ERV (estimated rental value, the estimated market rent).
  • Rent is subject to indexation to the Indice des Loyers des Activités Tertiaires (ILAT), a French index used to adjust rents for office and service-sector premises.
  • Colt has occupied the property for over 25 years. The mixed-use building includes light industrial space, including data and telecom uses, and offices, with direct access to Metro Line 13.
  • The Fort d'Issy-Vanves-Clamart-Malakoff station of the Grand Paris Express, part of Line 15, is due to open in April 2027, according to CLS.

6ix AI wrote this summary from the release below and checked it against the release.

On 6ix: 6ix.com/news/cls-signs-new-lease-for-pierre-valette-paris

Watch CLS' latest callCLS Holdings (LSE:CLI) — Investor Presentation · Replay · Apr 11, 2024Read the transcript of CLS Holdings (LSE:CLI) — Investor Presentation
CLS Holdings PLC
05 November 2026

A red square with white text Description automatically generatedCLS Holdings plc

16 Tinworth Street, London

SE11 5AL, UK

Tel : +44 (0)20 7582 7766

E : [email protected]

www.clsholdings.com

CLS Holdings plc ("CLS", the "Company" or the "Group")

CLS signs new lease for over 10,700 sqm at Pierre Valette, Paris

CLS is pleased to announce a new firm 9-year lease starting 1 January 2027 with existing occupier Colt Technology Services ("Colt"), an occupier for over 25 years, for 10,778 sqm (116,013 sq. ft) of office and light industrial space, along with 120 parking spaces at 23-27 Rue Pierre Valette, 92240 Malakoff, southwest Paris.

The letting, which secures rental income above €1.7 million per year was signed at 2.7% above passing rent and in-line ERV. The lease is subject to Indice des Loyers des Activités Tertiaires (ILAT) indexation.

Located in the southwestern suburbs of Paris, 23-27 Rue Pierre Valette is a well-connected, mixed-use property comprising light industrial (including data and telecom uses), and office spaces.  The building benefits from direct access to Metro Line 13, and will further enhance its connectivity when the Grand Paris Express station Fort d'Issy-Vanves-Clamart-Malakoff, part of the upcoming Line 15, opens in April 2027

Philippe Alexis, Head of France, commented:

"We are delighted to renew our relationship with Colt Telecom, a trusted, long-standing occupier at Pierre Valette. This agreement reflects both the strength of our partnership and the continued appeal of this strategic location. The area is undergoing significant infrastructure enhancements, and we look forward to working closely with Colt to support their evolving space needs."

-ends-

For further information, please contact:

CLS Holdings plc

(LEI: 213800A357TKB2TD9U78)

www.clsholdings.com

Fredrik Widlund, Chief Executive Officer

Patrick Symons, Chief Financial Officer

+44 (0)20 7582 7766

CLS France

Philippe Alexis, Head of France

+33 (0)1 86 26 48 50

Panmure Liberum

Jamie Richards

David Watkins

+44 (0)20 3100 2000

Berenberg

Carl Gough

Harry Nicholas

+44 (0)20 3207 7800

Edelman Smithfield (Financial PR)

Alex Simmons +44 7970 174 353

Hastings Tarrant +44 7813 407 665

[email protected]

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END

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