Atrium European Real Estate Limited
EANS-Adhoc: Atrium European Real Estate
ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement.
Formal supplement to the half year report 2009 pursuant to sec. 87/(1)/3 of the Austrian Stock Exchange Act
29.10.2009
Formal supplement to the half year report 2009 pursuant to sec. 87/(1)/3 of the Austrian Stock Exchange Act
Jersey, 29 October 2009. Atrium European Real Estate Limited
(Euronext/ ATX: ATRS) ("Atrium" or the "Company"), a leading real
estate company focused on shopping centre investment, management
and development in Central and Eastern Europe, announces that,
upon request of the Vienna Stock Exchange, the Company added in its
interim report as of 30 June 2009 the names, titles and signatures
of the Company's directors in connection with their statement
pursuant to sec. 87/(1)/3 of the Austrian Stock Exchange Act.
The content of the financial report, including the financials,
remain unchanged as published on 21 August 2009.A full version of the first half 2009 results updated to include the Company´s directors´ signatures, can be found on the Company´s website at www.aere.com.
-Ends- For further information: Financial Dynamics: +44 (0)20 7831 3113 Richard Sunderland
Stephanie Highett Laurence Jones Richard.sunderland@fd.com
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. About Atrium European Real Estate Limited Atrium is a leading real estate company focused on shopping centre investment, management and development in Central and Eastern Europe. As at 30 June 2009 the Group owned 152 standing investments, with a market value of EUR1.49 billion, diversified across eight countries with a total gross lettable area of 1.1 million sqm. Geographically, the Group´s focus is principally concentrated in Poland, the Czech Republic and Russia with a presence in Hungary, Romania, Slovakia, Latvia and Turkey. In addition, the Company has a development portfolio including several development projects with a market value of EUR712 million as at 30 June 2009.
Gross rental income from investment properties for the year ended 31 December 2008 was EUR134 million and EUR75 million for the first half of 2009. Net rental income for the year to 31 December 2008 amounted to EUR95 million and EUR59 million for the six months to 30 June 2009. As at 30 June 2009, the Company had a cash position of EUR855 million against borrowings of EUR1.08 billion.
Following a strategic investment of EUR500 million by a Citi Property Investors and Gazit Globe Ltd joint venture, agreed in August 2008, Rachel Lavine was appointed Chief Executive Officer of Atrium. Rachel Lavine has significant experience of both real estate and the CEE region and was previously President and CEO of Plaza Centres. The Board is chaired by Chaim Katzman, founder of Gazit Globe Ltd. (TASE:GLOB), which has extensive global experience of all aspects of the real estate industry and is one of the largest, developers, owners and operators of shopping centres in the world.
The Company is based in Jersey and dual listed on the Vienna and Euronext Amsterdam Stock Exchanges under the ticker ATRS.
Further inquiry note:
For further information:
Financial Dynamics: +44 (0)20 7831
3113
Richard Sunderland
Laurence Jones
atrium@fd.com
Branche: Real Estate
ISIN: JE00B3DCF752
WKN:
Index: Standard Market Continous
Börsen: Wien / official market