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CLS Holdings plc announced an 8-year, index-linked lease for 14,700 sqm (158,230 sq. ft) and 290 parking spaces at Gotic Haus, Dortmund, with a government department. The lease is scheduled to commence on 1 September 2026, resulting in the building being over 80% let and its total rental income increasing to over €4.0 million per annum.
| Date | 16 Oct 2025 |
| Time | 07:00:03 |
| Category | Miscellaneous |
| ID | 5496D |
CLS Holdings plc ("CLS", the "Company" or the "Group")
CLS leases 14,700 sqm at Gotic Haus, Dortmund
CLS is pleased to announce an 8-year, index-linked lease for 14,700 sqm (158,230 sq. ft) and 290 parking spaces signed at Gotic Haus, Westfalendamm 96-100, Dortmund, with a government department.
The lease is scheduled to commence 1 September 2026 following completion of a refurbishment and fit-out programme by CLS. The former anchor tenant left in June this year and the building is now over 80% let with on-going discussions for the remaining c.20%. The rent is index-linked to German CPI and the total rental income for the building will increase to over €4.0 million p.a.
The changing lease profile and planned improvements in the building is expected to drive an increase in value between now and practical completion.
Gotic Haus is a c. 22,300 sqm architecturally striking multi-let office complex acquired by CLS in 2017. The property holds a BREEAM In-Use certification rating of "Very Good" and offers flexible office space, bright atriums, roof terraces and an underground car park with over 400 spaces. The building fronts Westfalendamm, a main thoroughfare in Dortmund, with excellent public transport connectivity.
Rolf Mensing, Head of Germany at CLS, commented:
"We are delighted to welcome the new tenant to Gotic Haus in Dortmund. The letting reflects what drives success in the German office market: active asset management, close partnerships with occupiers, and the ability to configure space to tenant's precise operational needs. Our investment in building quality and energy efficiency, reflected in Gotic Haus's BREEAM In-Use 'Very Good' rating, supports durable, index-linked income and underlines the appeal of well-located, sustainable offices in Germany."
-ENDS-
For further information, please contact:
CLS Holdings plc
(LEI: 213800A357TKB2TD9U78)
Fredrik Widlund, Chief Executive Officer
Andrew Kirkman, Chief Financial Officer
+44 (0)20 7582 7766
CLS Holdings plc
Rolf Mensing, Head of Germany
+49 (0)40 29 81 39 0
Panmure Liberum
Jamie Richards
David Watkins
+44 (0)20 3100 2000
Berenberg
Carl Gough
Harry Nicholas
+44 (0)20 3207 7800
Edelman Smithfield (Financial PR)
Alex Simmons +44 7970 174 353
Hastings Tarrant +44 7813 407 665