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Investegate announcements from CLS Holdings PLC, Acquisition

By IPE staff2021-01-29T12:12:00+00:00 CLS Holdings has invested €89.7m to buy three office buildings in Germany from Commodus Real Estate. The FTSE 250 property investment company has agreed to acquire the 16,622sqm Hansaallee 299 property in Düsseldorf, the 6,105sqm Storkower Strasse 132 asset in Berlin and the 9,676sqm Wendenstrasse 408 building in Hamburg. CLS said the buildings are currently 93% occupied with a weighted average unexpired lease term of 4.9 years and the current average rent is 22% below estimated market rents, thereby providing an opportunity to actively manage the as...

FTSE 100 Tumbles On Vaccine Rollout Concerns BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - U.K. stocks tumbled on Friday as worries over tight liquidity conditions in China as well as tensions erupting over slow coronavirus vaccine rollouts triggered risk aversion. Meanwhile, Novavax announced its vaccine was 89.3 percent effective at stopping symptomatic Covid-19 in its Phase III study in the United Kingdom. 'Our medicines regulator will now assess the vaccine, which will be made in Teesside. If approved, we have 60m (million) doses on order,' Prime Minister Boris Johnson said on Twitter. The benchm...

Top UK Stocks to Watch: Avon Rubber on track as pandemic drives-up demand Joshua Warner January 29, 2021 9:22 AM Avon Rubber says the orders keep coming in, Airtel Africa is hoping restrictions won’t stop it from building momentum, Polymetal capitalises on higher gold prices, and the London Stock Exchange Group completes its purchase of Refinitiv. Share: Top News: Avon Rubber stays on track as orders keep coming in Avon Rubber said trading has remaine...