CLS Holdings’ value hits £1bn

Kasmira Jefford
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CLS HOLDINGS has seen the value of its property break the £1bn mark for the first time since the financial crisis, thanks to its large schemes in Vauxhall on London’s Southbank.

The developer said yesterday its net asset value rose six per cent to 1,223.7p per share in the six months to 30 June while the value of its portfolio rose from £934.5m to £1bn.

It made £41m worth of acquisitions in the period and is also in talks to buy 34 government buildings currently in receivership known as Project Neo.