Clas Ohlson subleases retail space on Drottninggatan, Stockholm, to Intersport

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Clas Ohlson has signed a contract with Intersport AB concerning the subleasing of 3,452 square metres of retail space at Drottninggatan 53 in central Stockholm. The lease will extend from 1 September 2010. The contract is subject to approval by the Rent Tribunal in Stockholm.

In April 2010, Clas Ohlson signed a lease for a new store on Drottninggatan. The new premises contain a total of 7,300 square metres of retail space, of which the new store will account for 3,490 square metres on the ground-floor. The new Clas Ohlson store, which will open at the end of October 2010, will comprise approximately 2,600 square metres of sales space, with store inventories and offices accounting for the remaining space.

Of the total retail space of 7,300 square metres, 358 square metres remains to be subleased to another tenant.

Jones Lang LaSalle acted as advisor to Clas Ohlson.

For more information, please contact:

Klas Balkow, President and CEO: +46 (0)247-446 88. 

Bo Heyman, Director of Establishment: +46 (0)70-597 44 90.

John Womack, Director of Information and IR: +46 (0)247-444 05.

Clas Ohlson AB is a Swedish chain store that sells, amongst other things, hardware, electrical, multimedia, and home and leisure products. It is the largest hardware chain in Scandinavia. The company was founded in 1918 by the technically-minded Clas Ohlson (1895–1979), as a mail order business based in the Swedish village of Insjön, Dalarna. Initially, only manuals and technical literature were sold. He opened his first shop in Insjön in 1926 and there are now stores throughout Sweden, as well as in Norway and Finland. In 2008, the company opened its first store in the United Kingdom, in Croydon, south London. There are now stores at the Arndale Centre in Manchester, at The Harlequin in Watford, in Kingston upon Thames, Reading, Liverpool and Leeds.