CLS sell Cambridge

CLS Holdings has sold the half empty Cambridge House in Hammersmith.

The building, 100 Cambridge Grove, was sold for £29.5 million. CLS say this is  an uplift of 65 % over the half year 2013 external valuation and 32% over the year end external valuation.  The 50% vacant building is described as “a development site”.

Sten Mortstedt, Executive Chairman of CLS, said: This is evidence of the continuing strength of the London market”.

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