CLS Holdings (CLI): £400m disposal programme

This situation live

£201m · 47.1p · −18% since the first step

27 Apr 2026 · The Brix unconditionally exchanged; completion expected Q2 2026 · −3% until the next step Completion is expected in Q2 2026.

Disposal of a part (break-up)

£400m disposal programme

£75.7m completed or exchanged; ~£100m target

Every step · 6

2 Dec 2025 £190m left; bids accepted or in negotiation – We are targeting to exchange before the end of the year for some of these sales with completion in early 2026. ↗
22 Dec 2025 Citadel Place conditionally sold; planning pending – CLS and London Square will work together to progress planning of a residential-led redevelopment of the site, with a planning application expected to be... ↗
13 Mar 2026 £144.2m sold in 2025; Spring Gardens sale conditional – In December 2025, we signed a conditional sale agreement with a residential developer for Spring Gardens, Vauxhall, which is expected to complete in late... ↗
27 Apr 2026 The Brix unconditionally exchanged; completion expected Q2 2026 – Completion is expected in Q2 2026. ↗
4 Aug 2026 £62m of 2026 sales completed – The Group has completed £62 million of sales to date and is on track to deliver its target of £100 million of sales by the year end. ↗
12 Aug 2026 £75.7m completed or exchanged; ~£100m target – We have continued to make progress with disposals with £75.7 million completed or exchanged, and a further £22.5 million under offer and expect to deliver... ↗

What is happening

CLS Holdings: £400m disposal programme – £75.7m completed or exchanged; ~£100m target. ['£75.7m completed or exchanged; ~£100m target']

In short: Disposal programme started in late 2025 to cut debt; £144.2m sold in 2025 and The Brix exchanged unconditionally at €60m in April. The August update shows £62m of 2026 sales completed and a £100m year-end target, below the £100-150m planned in March. Sales are reducing earnings.
Announced: 2 Dec 2025 · £190m left; bids accepted or in negotiation
Latest: 12 Aug 2026 · £75.7m completed or exchanged; ~£100m target
Sold in 2026: £62 million completed to date
2026 target: £100 million of sales by year end
Use of money: Reduce debt
Spring Gardens: Sold subject to planning; largest tenant not extending lease expiring 28 September 2026
Refinancing: Over half of the £190 million due in 2026 completed

Briefing Pro

What it does, how it got here, what management promised and delivered – written from its own announcements.

From the company's own announcements. Not investment advice.

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