- CLS Holdings
- 07 August 2025 09:20:58
Source: Sharecast
CLS said The Coade continues to attract "a diverse mix of occupiers", with three new leases agreed.
In May, National Skills Academy for Rail, a rail consulting company, signed a five-year lease for 1,862 square feet on the first floor. Since July, accountancy and professional advice firm Wellers signed a 10-year lease for 3,090 square feet on the third floor, and CLS also agreed heads of terms with an unnamed business-to-business media company for a five-year lease for 3,088 square feet on the second floor.
CLS noted that the leases were signed at an average of £48 per square foot, in line with the latest estimated rental values.
Chief executive Fredrik Widlund said: "We are very excited to welcome the new tenants to The Coade. Their arrival highlights both the quality of our development and the continued appeal of Vauxhall as a business destination. The Coade is a stunning addition to Vauxhall, attracting a diverse and growing mix of tenants who are drawn to its design, sustainability credentials, and central location."
As of 0920 BST, CLS shares were up 0.31% at 65p.
Reporting by Iain Gilbert at Sharecast.com