London-based CLS Holdings has sold two offices, Brent House and Dukes Road, in London for a total £22mln (EUR 26mln). CLS sold the freehold interest in Brent House to the London Borough of Brent for £17mln, representing a net initial yield of 6.82%. CLS acquired the building in 1988 for £6.4mln. Brent House is a nine-storey office building constructed in the 1960's and comprising over 9,600 m[sup]2[/sup] of space. About 60% of the space is leased to the London Borough of Brent.
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