ARTICLES LABELLED WITH TAG Atrium

Atrium European Real Estate published an update on trading for the three months ended 31 March 2020 and an update on trading in light of the COVID-19 pandemic. A progressive reopening has been launched from 4 May in Poland and is planned from 11 May in the Czech Republic and 3 June Slovakia, although it is too early to say when the company’s assets will return to full operation.

Atrium European Real Estate published its financial results for 2019 and announced that the Board and management had been undertaking a strategic review to identify further growth opportunities to deliver strong, long term sustainable income returns to shareholders. The strategic review focused on, amongst other things, leveraging the operating platform in Poland and the Czech Republic and diversification into other classes of real estate, focusing on residential-for-rent

Atrium European Real Estate Limited has completed €341 million of transactions in Poland comprising the disposal of two assets and an acquisition.

JLL advised Atrium European Real Estate Limited in the disposal process of two Polish shopping centres, namely Atrium Felicity and Atrium Koszalin to the ECE European Prime Shopping Centre Fund II, managed by the independent fund managing company ECE Real Estate Partners. The parties signed on 9th May 2019 an agreement concerning the sale of both assets for €298 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.

Euro Styl S.A. - a Tri-City developer specializing in residential projects and part of the Dom Development S.A. Capital Group - has acquired an investment land parcel located in the Młode Miasto area of Gdańsk, from Atrium European Real Estate Ltd. The vendor was represented by experts from JLL international advisory firm.

Atrium Polska opened the extension of its Atrium Targówek shopping centre in Warsaw. On 25 October, a new fashion alley was opened with 32 shops, introducing 27 new brands to the shopping centre. The food court area has also received a new upgraded look. Following the remodelling, 8,600 sqm of new leasable area was added to bring the total GLA to 60,600 sqm.

Atrium European Real Estate Limited has completed the purchase of the Wars Sawa Junior retail centre in Warsaw, Poland for €301.5 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.

Atrium European Real Estate Limited has signed an agreement to acquire Wars Sawa Junior, a prime retail asset located in the heart of Warsaw and in its most prominent high street retail area, for a consideration of €301.5 million. Atrium is to acquire Wars Sawa Junior from PFCEE, a fund managed by CBRE Global Investors, using a mixture of existing cash resources and external financing.

Atrium European Real Estate Limited has completed the sale of the Atrium Militari shopping centre in Bucharest, Romania to MAS Real Estate Inc. for €95 million, which represents a 9% premium to book value on 31 December 2017.

Atrium European Real Estate Limited has entered into an agreement to sell Atrium Militari shopping centre in Bucharest, Romania to MAS Real Estate Inc., for €95 million, representing a 9% premium to book value on 31 December 2017. The transaction is subject to the fulfilment of certain conditions precedent which are expected to be finalised by the end of the third quarter of 2018.