CLS Holdings acquires Chancery House

CLS Holdings has purchased Chancery House in Sutton for £10.2m.

The FTSE 250 company announced the deal for the eight storey office building on Monday.

The company said it has identified opportunities to improve the building for its occupiers and attract more tenants to move in.

CLS Holdings executive chairman Sten Mortstedt said it’s an attractive addition that will fit well into the company’s London portfolio.

“We believe this property is well positioned to benefit from the expected increase in office demand in Sutton, driven by our asset management initiatives and an undersupply of good quality offices in the area."