22 August 2012

Property group CLS Holdings has reported further progress in the first half of 2012 with increases in NAV and pre-tax profits (on an EPRA basis).  The group’s property portfolio is now valued at over £900m and mainly comprises high-yielding office properties in London, France, Germany and Sweden.  The shares currently stand at a 31% discount to underlying NAV providing scope for upside in the share price, whilst for those investors looking for income, the announcement that the company is to issue a retail bond should be of interest.

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