CLS Holdings buys offices in UK, Germany for £56m

Property investor CLS Holdings said it was buying office properties in Germany and the UK for a combined £55.9m.

The company on Monday said it had exchanged contracts on a property in North-West Berlin €43.m which is currently 29% let following the recent departure of the previous anchor tenant. The second property is located in Watford, outside London and was acquired from M&G Real Estate for £16.9m.

Both acquisitions will complete in early 2021, it added.