The agreement represents a continuation of apparently flourishing relations between the two businesses, which have already done office space deals worth several million Euros.
In fact, three CLS developments are currently occupied by E.ON, and its Service Plus operation will soon be housed in a newly planned office facility in the Bavarian city of Landshut.
Completion of the development is expected before the end of summer 2012, and CLS expects to generate roughly €400,000 each year through its newly agreed arrangement with E.ON.
“We are delighted to expand our relationship with E.ON with this pre-letting for a new building adjacent to its existing building, which we own,” said Sten Mortstedt, CLS Holdings’ executive chairman.
“It highlights the benefits of working closely with tenants to meet their occupational needs and provides further secure long-term income for the group.”
CLS is listed on the London Stock Exchange and boasts a £233 million property portfolio that includes a range of developments and office buildings across Europe, including the UK, Sweden, France, and Germany.
For its part, E.ON is headquartered in the German city of Düsseldorf and, with operations across the continent, the company is among the largest energy suppliers in Europe.
Editor’s notes: In November 2010, CLS Holdings purchased the 100,000-square-foot Apex Tower in New Malden, South London, and in August 2012, the firm refurbished the 37,000-square-foot Clifford’s Inn offices on Fetter Lane.
In 2022, CLS Holdings had over 700 tenants in the UK, France and Germany, and posted revenues of £139.7 million.
In April 2023, the company was listed on the FTSE 250 and held a property investment portfolio worth £2.4 billion.
In April 2026, it was reported that CLS Holdings had secured a £50 million revolving credit facility, which the company said it would utilise to refinance existing debt, support refurbishment programmes, fund leasing activity, and reposition assets.