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CLS Holdings Plc

CLS Holdings Plc

Sector: Real Estate Agents And Managers Region: United Kingdom

Similar to: Foncière de Paris, Great Portland Estates Plc, Deutsche Grundstücksauktionen AG

CLS Holdings plc is a commercial property investment company with assets in the UK, France, Germany and Sweden, which has been listed on the Main Market of the London Stock Exchange since 1994. The company invests primarily in office buildings, delivering stable cash flows. CLS provides high quality, cost effective premises to approximately 470 tenants including leading blue chip corporations and governments. It operates an efficient, proactive management approach, working closely with its tenants to meet their individual requirements. As at 30 June 2014 the company had a market capitalisation of approximately £554m and its property portfolio was valued at £1.169bn.

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2014 Interim Results

CLS Holdings Plc video

2014 Interim Results

CLS Holdings Plc video

2013 Annual Results


Sten Mortstedt, Executive Chairman (Age 74)
Sten Mortstedt has a consistent track record during a period of over 40 years, of building profitable and sustainable businesses both within the field of property and in a wide variety of other commercial sectors. He began his career in 1962 with Svenska Handelsbanken in Stockholm and within three years he had formed a property investment partnership. In 1968 he was appointed Managing Director and later Chairman of the Mortstedt family property company, Citadellet AB, which he successfully floated on the Stock Exchange in Stockholm, in 1981. The company was sold in 1985 for a price five times higher than the introduction price and was at that time the largest property deal ever recorded in Scandinavia. Since 1977 he has been involved in establishing and running property interests in the UK, Sweden, France and Germany. He established CLS in 1987 and took the Company to a listing on the main market of the London Stock Exchange in 1994. Since that time, as Executive Chairman he has been a driving force in this pan-European Group in generating growth in profits and asset values. In addition to his focus on property, he has been commercially active in a number of investment areas outside the property arena and has seen a number of the companies in which he has invested through to successful stock exchange listings or trade sales. He runs his global interests from his residence in Switzerland.
Henry Klotz, Executive Vice Chairman and Acting Chief Executive Officer (Age 69)
Henry Klotz qualified as an engineer and economist, was appointed MD in Citadellet AB 1978-1985 and joined the group in 1999. He was initially responsible for the management of our Swedish operation and latterly was involved in the setup of our German division. In January 2008 Henry relocated to our London head office and took up the role of Business Development Director responsible for identifying and sourcing new business opportunities for the Group. On 2 May 2008 he took office as the Chief Executive Officer of the Group and held this role until stepping down 31 December 2010. He was appointed Executive Vice Chairman 1 January 2011. On behalf of CLS he is also Non-Executive Chairman of Catena AB, a Nordic real estate company quoted on the Stockholm stock exchange, in which CLS holds 13.8% of its shares. He is also Non-Executive Chairman of Bulgarian Land Developlment plc, in which CLS holds 48.71% of its shares.
John Whiteley, Chief Financial Officer (Age 55)
John Whiteley joined the Company in October 2009 and was appointed to the Board on 24 November 2009. John was previously Finance Officer at Doughty Hanson & Co Real Estate, and for ten years was Finance Director of Great Portland Estates plc. He is a Fellow of the Institute of Chartered Accountants and spent nine years with Ernst & Young, after qualifying with Spicer & Pegler. John gained his BA (Econ) (Hons) from the University of Manchester.

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