CLS Holdings posts strong profits
Property firm CLS Holdings posted a 27 per cent jump in full-year profits and a rise in net asset value yesterday thanks to strong demand. The company, which has a £1.1bn portfolio including swathes of property around London’s Vauxhall, said it took advantage of low interest rates to snap up 42 properties during the year for £165m. Profits were £71.4m while net assets per share rose by 9.9 per cent to 1,268.4p. Payouts to shareholders rose 13.5 per cent.