Release date:                6 August 2025

Embargoed until:           07:00 am

CLS Holdings plc ("CLS", the "Company" or the "Group")

CLS leases 2,165 sqm in Cologne

CLS announces it has let 2,165 sqm (23,304 sq. ft.) at 'Office Connect' in Cologne to one of the world's leading suppliers of agricultural crop protection products.

The new tenant will occupy the second and third floors of the multi-let property Office Connect in Cologne's Airport Business Park, in addition to 27 parking spaces. The lease is scheduled to commence on 1 October 2026 and has a term of ten years with an index-linked rent. The agreed rent is 3.6% above the current estimated rental value (ERV).

Office Connect, at Von-der-Wettern-Straße 27 was acquired by CLS in 2018 and has since been successfully refurbished and repositioned. The multi-let property is a 13,000 square metres office, offering high-quality, adaptable space and an integrated restaurant. It has excellent public transport links as it is located next to the S-Bahn station Frankfurter Strasse, which has direct connections to Cologne city centre and Cologne/Bonn Airport. The Airport Business Park is also characterised by an urban environment with a wide range of services, local amenities, and green spaces.

Rolf Mensing, Head of Germany at CLS, commented:

"We are delighted to welcome another occupier to Office Connect in Cologne. The lease exemplifies what is key to success in the German office market: an active asset management approach; a close relationship with tenants; and the ability to offer bespoke solutions to meet business requirements. CLS Germany's strategy incorporates all these elements, and our targeted investments in the building quality and energy efficiency of our properties are proving effective"

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