CLS Holdings should not be confused with CLS Group.
| CLS Holdings plc | |
| Type: | Public |
| Traded As: | FTSE 250 component |
| Foundation: | 1987 as Central London Securities |
| Location: | London, England, UK |
| Key People: | Lennart Sten Anna Seeley Fredrik Widlund Andrew Kirkman |
| Industry: | Property |
| Revenue: | £148.7 million (2023)[1] |
| Operating Income: | £(223.4) million (2023) |
| Net Income: | £(249.8) million (2023) |
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.
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.News: Who is Richard Tice? The ex-Reform UK leader replaced by Nigel Farage. 12 June 2024. Sky News. 4 August 2024.
Fredrik Widlund replaced Richard Tice as CEO in November 2014, having previously been at GE Capital.[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]
The company's property portfolio was valued at circa £1.9 billion as at 31 December 2023.[1]