CLS Holdings

CLS Holdings plc is a British commercial property investment business based in London, England. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

Not to be confused with CLS Group.
CLS Holdings plc
TypePublic
LSE: CLI
FTSE 250 component
IndustryProperty
Founded1987 as Central London Securities
HeadquartersLondon, England, UK
Key people
Henry Klotz
(Executive Chairman)
Anna Seeley
(Non-Executive Vice Chairman)
Fredrik Widlund
(Chief Executive Officer)
John Whiteley
(Chief Financial Officer)
RevenueDecrease £139.7 million (2022)[1]
Decrease £(63.9) million (2022)[1]
Decrease £(81.9) million (2022)[1]
Websitewww.clsholdings.com

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 £2.3 billion as at 31 December 2022.[1]

References
  1. "Annual Results 2022" (PDF). CLS Holdings. Retrieved 8 March 2023.
  2. "CLS builds value". Interactive Investor. 2 October 2014. Retrieved 16 December 2014.
  3. "Shard of Glass shareholder sells stake as Qataris move in". London SE1. 10 January 2008. Retrieved 16 December 2014.
  4. "Final Results". Retrieved 9 March 2017.
  5. "Introduction of dividend". Retrieved 9 March 2017.
  6. "Announcement of death of Mr Mortstedt". Retrieved 4 May 2021.
  7. "CLS is a capital proposition". Shares Magazine. 2 May 2013. Retrieved 16 December 2014.
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