 | |
| Company type | Public |
|---|---|
| Traded as | 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) |
| Operating income |  £(223.4) million (2023) |
| Net income | £(249.8) million (2023) |
| Website | www |
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.
History
The company was established by Sten Mörtstedt in 1987 and was first listed on the London Stock Exchange in 1994. 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. Richard Tice was appointed CEO in 2010.
Fredrik Widlund replaced Richard Tice as CEO in November 2014, having previously been at GE Capital.
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.
The former executive director Sten Mörtstedt died in December 2020 at the age of 80.
Operations
The company's property portfolio was valued at circa £1.9 billion as at 31 December 2023.
References
- ^ "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.
- "Who is Richard Tice? The ex-Reform UK leader replaced by Nigel Farage". Sky News. 12 June 2024. Retrieved 4 August 2024.
- "CLS Holdings Names Fredrik Widlund CEO". RTT News. 8 January 2014. Retrieved 18 April 2024.
- "Introduction of dividend". Retrieved 9 March 2017.
- "Announcement of death of Mr Mortstedt". Retrieved 4 May 2021.
