Atrium European Real Estate Limited
EANS-News: Atrium European Real Estate Limited - APPOINTMENT OF JOSIP KARDUN AS CHIEF OPERATING OFFICER AND DEPUTY CHIEF EXECUTIVE OFFICER
--------------------------------------------------------------------------------
Corporate news transmitted by euro adhoc. The issuer/originator is solely
responsible for the content of this announcement.
--------------------------------------------------------------------------------
Management Changes
St Helier Jersey / Channel Islands (euro adhoc) - ATRIUM APPOINTS JOSIP KARDUN
AS CHIEF OPERATING OFFICER AND DEPUTY CHIEF EXECUTIVE OFFICER
JERSEY, 27 January 2014 - Atrium European Real Estate (the "Group")
(VSE/Euronext: ATRS), a leading owner, operator and developer of retail real
estate and shopping centres in Central and Eastern Europe, announces the
appointment of Josip Kardun as Chief Operating Officer with effect from 14
February, 2014. Additionally, Mr Kardun will act as Deputy Chief Executive
Officer and will join Atrium's Group Executive Management Team, reporting
directly to Rachel Lavine, the Group's Chief Executive Officer.
The appointment follows the departure of Nils-Christian Hakert, Chief Operating
Officer, who will leave the Group to pursue other business interests effective
31 March 2014, following the completion of an orderly handover.
Mr Kardun, who sits on the Executive Board of ICSC Europe, is a highly
experienced retail property professional with a strong international operational
and transactional track record and a deep and thorough understanding of Atrium's
core businesses in its regions of activity.
Mr Kardun joins Atrium from European retail property specialists ECE
Projektmanagement GmbH & Co KG ("ECE"), where he has worked for seven years in a
number of senior positions, most recently as its Chief Investment Officer and
Head of Mergers & Acquisitions and Transaction Management Group. Prior to this
he was Deputy Managing Director Development of ECE Group and Head of Mergers &
Acquisitions, Strategic Partner Relations and Managing Director of ECE
International, having been promoted from his role as Managing Director
Centermanagement of ECE International where he was responsible for property
management in all 13 of ECE's markets outside Germany.
Prior to joining ECE, Mr Kardun worked at the international shopping centre
developer and manager, Sonae Sierra, where he was General Manager at Sierra
Management Germany GmbH, Düsseldorf, with responsibility for leasing activities
and centre management, before which he was Head of Legal Coordination Sonae West
Shopping AG in Düsseldorf.
Mr Kardun has a law degree from the Goethe University Frankfurt.
Rachel Lavine, Chief Executive Officer of Atrium, commented: "Josip has a very
impressive track record in the European retail real estate market and I am very
pleased to welcome him to the team. His appointment is in line with our
strategy of ensuring that Atrium is managed by top tier real estate
professionals at all levels. I feel confident that his knowledge and experience
of the specifics of our sector will be invaluable in helping Atrium continue to
deliver both high operational standards and a strong financial performance."
"I would like to take this opportunity to thank Nils for his hard work and
commitment over the past five and a half years, contributing to the significant
achievement of the Company in stabilising the Group, following the change in
Atrium's management, and the delivery of consistent growth during very
challenging market conditions. The Board of Directors and Management team of
Atrium join me in wishing him well for the future."
For further information:
FTI Consulting Inc.:
+44 (0)20 7831 3113
Richard Sunderland
Will Henderson
Nick Taylor
atrium@fticonsulting.com
About Atrium European Real Estate
Atrium is a leading real estate company focused on shopping centre investment,
management and development in Central and Eastern Europe. As at 30 September
2013 the Group owned 156 shopping centres, with a market value of EUR2.37
billion, diversified across seven countries with a total gross lettable area of
1.278 million sqm. In 2012, Atrium produced a gross rental income of
EUR193.5million.
The Company is based in Jersey and dual listed on the Vienna and Euronext
Amsterdam Stock Exchanges under the ticker ATRS.
This press release appears as a matter of record only and does not constitute an
offer to sell or a solicitation of an offer to purchase any security.
Atrium is established as a closed-end investment company domiciled in Jersey.
Atrium is registered with the Dutch Authority for the Financial Markets as a
collective investment scheme which may offer participations in The Netherlands
pursuant to article 2:66 of the Financial Supervision Act (Wet op het financieel
toezicht). All investments are subject to risk. Past performance is no guarantee
of future returns. The value of investments may fluctuate. Results achieved in
the past are no guarantee of future results.
Further inquiry note:
For further information:
FTI Consulting Inc.:
+44 (0)20 7831 3113
Richard Sunderland
Will Henderson
Richard.sunderland@fticonsulting.com
end of announcement euro adhoc
--------------------------------------------------------------------------------
company: Atrium European Real Estate Limited
Seaton Place 11-15
UK-JE4 0QH St Helier Jersey / Channel Islands
phone: +44 (0)20 7831 3113
mail: richard.sunderland@fticonsulting.com
WWW: http://www.aere.com
sector: Real Estate
ISIN: JE00B3DCF752
indexes: Standard Market Continuous
stockmarkets: official market: Wien
language: English