Atrium European Real Estate Limited
EANS-News: Atrium European Real Estate Limited
Atrium completes the ?301.5
million acquisition of Wars Sawa Junior retail centre in Warsaw
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St Helier Jersey / Channel Islands -
Zwtl.: Atrium completes the EUR301.5 million acquisition of Wars Sawa Junior
retail centre in Warsaw
Jersey, 24 October 2018. Further to its announcement of 28 August 2018, Atrium
European Real Estate Limited (VSE/ Euronext: ATRS) ("Atrium" or the "Company"
and together with its subsidiaries, the "Group") announces that it has completed
the purchase of the Wars Sawa Junior retail centre in Warsaw, Poland for
EUR301.5 million.
Following the acquisition, 84% of the Company's portfolio is located in Poland
and the Czech Republic and includes four prime centres in Warsaw and two in
Prague.
Liad Barzilai, Chief Executive Officer of Atrium Group, commented:
"As one of the most popular and well established retail centres in Poland, and
with an annual footfall of over 60 million in and around the asset, Wars Sawa
Junior is a fantastic addition to our portfolio. This asset complements our
other three assets in the Polish capital and follows the opening of the latest
phase of our extension at Atrium Promenada in Warsaw last week. In line with our
strategy for quality growth, this acquisition further strengthens our portfolio
weighting towards both the strongest Central European economies of Poland and
Czech Republic, and towards larger scale, retail centres that dominate their
local catchment in thriving urban areas."
For further information:
FTI Consulting Inc.: +44 (0)20 3727 1000
Richard Sunderland: atrium@fticonsulting.com
About Atrium European Real Estate
The Company is established as a closed-end investment company incorporated and
domiciled in Jersey and regulated by the Jersey Financial Services Commission as
a certified Jersey listed fund, and is listed on both the Vienna Stock Exchange
and the 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
Claire Turvey
Ellie Sweeney
atrium@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
FAX:
mail: richard.sunderland@fticonsulting.com
WWW: http://www.aere.com
ISIN: JE00B3DCF752
indexes:
stockmarkets: Wien, Luxembourg Stock Exchange
language: English