Atrium European Real Estate Limited
EANS-Adhoc: Atrium European Real Estate Limited
Atrium agrees ?298 million
disposal of Polish retail assets as portfolio repositioning continues
--------------------------------------------------------------------------------
Disclosed inside information pursuant to article 17 Market Abuse Regulation
(MAR) transmitted by euro adhoc with the aim of a Europe-wide distribution.
The issuer is responsible for the content of this announcement.
--------------------------------------------------------------------------------
Company Information
13.05.2019
St Helier Jersey / Channel Islands -
Atrium agrees EUR298 million disposal of Polish retail assets as portfolio
repositioning continues
Ad hoc announcement - Jersey, 13 May 2019, Atrium European Real Estate Limited
(VSE/ Euronext: ATRS) ("Atrium" or the "Company" and together with its
subsidiaries, the "Group"), a leading owner, operator and redeveloper of
shopping centres and retail real estate in Central Europe, has entered into an
agreement to sell two Polish shopping centres to ECE European Prime Shopping
Centre Fund II, managed by the independent fund managing company ECE Real Estate
Partners, for EUR298 million, representing around 3% premium to book value as at
31 March 2019. The transaction is subject to the fulfilment of certain
conditions precedent and is expected to be completed in the third quarter of
2019. The sale forms part of the Company's ongoing stated strategy to reposition
its portfolio towards large, high quality dominant retail centres in prime urban
locations and capital cities.
A more detailed version of this announcement will be available shortly on the
company's website.
For further information:
FTI Consulting Inc.: +44 (0)20 3727 1000
Richard Sunderland/Claire Turvey: atrium@fticonsulting.com
[atrium@fticonsulting.com]
About Atrium European Real Estate
Atrium is a leading owner, operator and redeveloper of shopping centres and
retail real estate in Central Europe. Atrium specializes in locally dominant
food, fashion and entertainment shopping centres in the best urban locations.
Atrium owns 33 properties with a total gross leasable area of over 975,000 sqm
and with a total market value of approximately EUR2.9 billion. These properties
are located in Poland, the Czech Republic, Slovakia and Russia, and with the
exception of one, are all managed by Atrium's internal team of retail real
estate professionals.
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
Richard.sunderland@fticonsulting.com
end of announcement euro adhoc
--------------------------------------------------------------------------------
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