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CLS Holdings Agrees Conditional £70m Sale of Citadel Place for Residential Redevelopment

Story Highlights
  • CLS Holdings agrees a conditional sale of Citadel Place to London Square for a residential-led redevelopment in Vauxhall.
  • The transaction, valued around £70 million, lets CLS retain lease income while releasing staged equity and potential overage upside.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
CLS Holdings Agrees Conditional £70m Sale of Citadel Place for Residential Redevelopment

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CLS Holdings ( (GB:CLI) ) just unveiled an update.

CLS Holdings has agreed a conditional sale of its Citadel Place site in Vauxhall, London, to residential developer London Square, with both parties collaborating on a residential-led redevelopment and a planning application targeted for the first quarter of 2026. The deal, which is based on an estimated end-2025 site valuation of around £70 million, allows CLS to retain income from the existing lease until expiry and includes potential upside via an overage structure, with equity expected to be released in stages over the next two years after debt repayment, underscoring the group’s strategy to crystallise value from its London assets while supporting local regeneration in Lambeth.

The most recent analyst rating on (GB:CLI) stock is a Hold with a £62.00 price target. To see the full list of analyst forecasts on CLS Holdings stock, see the GB:CLI Stock Forecast page.

Spark’s Take on GB:CLI Stock

According to Spark, TipRanks’ AI Analyst, GB:CLI is a Neutral.

The overall stock score is primarily influenced by financial challenges, including high leverage and persistent losses. However, positive corporate events and a stable technical outlook provide some support. The high dividend yield offers income potential, but valuation concerns due to negative earnings remain significant.

To see Spark’s full report on GB:CLI stock, click here.

More about CLS Holdings

CLS Holdings plc is a London-listed property investment group focused on commercial and mixed-use real estate, with assets including office and development sites in key urban locations such as Vauxhall. The company actively manages its portfolio and partners with specialist developers to unlock value through redevelopment and regeneration projects in the UK capital.

Average Trading Volume: 342,200

Technical Sentiment Signal: Strong Sell

Current Market Cap: £230.9M

For detailed information about CLI stock, go to TipRanks’ Stock Analysis page.

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