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Lease extension and updated redevelopment plans for CLS Spring Gardens
6 February, 2025
Deals
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Published
13 January, 2025
CLS is pleased to announce two new leases at Park Avenue, 81 boulevard de la Bataille de Stalingrad, Lyon and Petits Hôtels, 20/22 Rue des Petits-Hotels, Paris for 1,385 sqm (14,908 sq. ft).
In Lyon, CLS has secured a lease at Park Avenue with Groupe Open, an IT company listed on the Paris Stock Exchange for 920 sqm corresponding to the entire 5th floor including 62 sqm of private terrace. The property has been recently redeveloped by CLS offering high quality and contemporary working spaces.
In Paris, CLS has secured a pre-let of 465 sqm at its Petits Hôtels property, close to Gare du Nord/Eurostar terminal, to Intermedes, a travel company specializing in cultural tours. The lease covers the entirety of Building B, which is currently under renovation and scheduled for completion in spring 2025. Both building A and B are now 100% let.
Both leases are expected to drive increases in the year-end property valuations.
Philippe Alexis, FRICS, Head of France, commented:
“We are very happy to welcome two new occupiers to our recently renovated properties, both of which offer modern and sustainable office areas in central locations. The agreements further demonstrate CLS’ ability to attract diverse, high-quality tenants to its properties in France”
ENDS
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