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CLS valuations hold firm

The pan-European office landlord is still unsure what hybrid working means for its business
CLS valuations hold firm
  • Property valuations broadly unchanged
  • Rent collections look solid, though vacancy rates rise

With future working patterns still up in the air, it remains hard to judge prospects for office landlord CLS Holdings (CLI). Though a confident management team pointed to excellent rent collection levels and stable valuations at the half year, the share price shows the market still expects a big write down in expected future cash flows.

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