Source - SMW
Property investment company CLS said it had exchanged contracts to sell a property in Hamburg, Germany for €36.45m, with completion expected on 30 September 2020.
 
The sale of Albert-Einstein-Ring 17-21 was at a price 38% above the 31 December 2019 valuation, reflecting a net initial yield of 3.6%.
 
'Whilst Hamburg remains one of our key markets, this disposal captures value for our investors today and releases capital that can be recycled earlier into opportunities with a better income profile,' the company said. 


At 8:00am: (LON:CLI) Cls Holdings PLC share price was -4.8p at 188.6p



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