Atrium European Real Estate Limited
EANS-Adhoc: Atrium European Real Estate Limited /ATRIUM COMPLETES ACQUISITION OF THE FOCUS MALL IN BYDGOSZCZ, POLAND FOR EUR122 MILLION
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25.11.2014
ATRIUM COMPLETES ACQUISITION OF THE FOCUS MALL IN BYDGOSZCZ, POLAND FOR EUR122
MILLION
Ad hoc announcement - Jersey, 25 November 2014: Atrium European Real Estate
Limited ("Atrium" or the "Company") (VSE/Euronext: ATRS), a leading owner,
operator and developer of shopping centres and retail real estate in Central and
Eastern Europe, announces that, further to its announcement on 6 October 2014,
it has completed the acquisition of Focus Mall in Bydgoszcz, Poland from Aviva
Investors for EUR122 million.
The acquisition is financed using existing cash resources and is in line with
Atrium's strategy to become the dominant player in its core markets of Poland,
Czech Republic and Slovakia through the purchase of strong income producing
shopping centres which complement the Company's existing portfolio.
Focus Mall, which is 96.1% let, is the dominant shopping centre in Bygdoszcz,
Poland's eighth largest city, and comprises 41,000 sqm of retail GLA across two
storeys. Anchor tenants include Alma supermarket, a Saturn electronics store and
a Cinema City, as well as a large number of other high profile international and
domestic retail fashion brands including C&A, H&M, Reserved, Cropp, House,
Bershka, Pull & Bear and New Yorker.
Commenting on the acquisition, Rachel Lavine, CEO of Atrium Group, said: "We are
pleased to confirm the completion of the acquisition of this dominant and modern
shopping centre, which is well located in a heavily populated city centre area.
We look forward to working with our tenants to ensure the continued success of
Focus Mall."
For further information:
FTI Consulting Inc.:
+44 (0)20 3727 1000
Richard Sunderland
Claire Turvey
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
2014 the Group owned 151 shopping centres and retail properties, with a market
value of EUR2.5 billion, diversified across seven countries with a total gross
lettable area of 1.3 million sqm. In 2013, Atrium produced a gross rental income
of EUR203.5 million.
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 incorporated and
domiciled in Jersey and regulated by the Jersey Financial Services Authority as
a certified Jersey listed fund, and is listed on both the Vienna Stock Exchange
and the NYSE Euronext Amsterdam Stock Exchange. Appropriate professional advice
should be sought in the case of any uncertainty as to the scope of the
regulatory requirements that apply by reason of the above regulation and
listings. 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 3727 1000
Richard Sunderland
Nick Taylor
Richard.sunderland@fticonsulting.com
end of announcement euro adhoc
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issuer: 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