Atrium European Real Estate Limited
EANS-Adhoc: ATRIUM EUROPEAN REAL ESTATE COMPLETES THE EUR151.7 MILLION ACQUISITION OF GALERIA DOMINIKANSKA IN WROCLAW, POLAND
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29.08.2013
ATRIUM COMPLETES THE EUR151.7 MILLION ACQUISITION OF GALERIA DOMINIKANSKA IN
WROCLAW, POLAND
Ad hoc announcement - Jersey, 29 August 2013. Atrium European Real Estate
(VSE/Euronext:ATRS) ("Atrium" or the "Group"), a leading owner, operator and
developer of retail real estate and shopping centres in Central and Eastern
Europe, announces that, further to its statement of 21 June 2013, it has
completed the acquisition of the 32,900 sqm Galeria Dominikanska shopping centre
in Wroclaw, Poland, for a consideration of EUR151.7million.
Atrium acquired Galeria Dominikanska from a joint venture comprising the Otto
Family and Deutsche EuroShop AG and ECE will continue to manage the shopping
centre, working closely alongside Atrium's in-house team of retail experts.
As a result of the acquisition, Atrium's portfolio of shopping centres in Poland
now accounts for 50.4% of the Group's total income producing portfolio by market
value, up from 47.0% previously. In addition, Atrium's exposure to markets in
the region with an investment grade rating of A- and above now stands at 75.1%,
up from 73.4% as at 30 June 2013.
Commenting on the acquisition, Rachel Lavine, CEO of Atrium said: "Galeria
Dominikanska is a very good example of the type of assets we want to purchase
and the completion of this acquisition strengthens our portfolio through the
addition of a prime, fully let shopping centre which is well located within a
tier one city in our region."
For further information:
FTI Consulting Inc: +44 (0)20 7831 3113
Richard Sunderland
Will Henderson
richard.sunderland@fticonsulting.com
About Galeria Dominikanska
Galeria Dominikanska is a fully occupied, Grade A shopping centre which
comprises approximately 32,900 sqm of gross lettable area spread over three
levels and across 102 units, as well as a gym let to AM Fitness Club and
approximately 1,250 sqm of office space. The shopping centre is anchored by a
Carrefour supermarket and a Media Markt and houses a wide range of international
and domestic retail brands including Van Graaf, Zara, Pull & Bear, Bershka,
Benetton, Douglas, Sephora, Mango, Max Mara, New Yorker and Reserved, together
with a strong food and hospitality offering. Average duration of all lease
contracts is over 6 years. In addition, the centre includes over 900 parking
spaces.
Opened in 2001, Galeria Dominikanska is the leading shopping centre in Wroclaw,
Poland's fourth largest city and capital of the Silesia region, which has a
population of some 630,000 inhabitants. It is situated in a prime location at
the heart of the city, right next to the historic Old Town, and on the inner
city ringroad. It is serviced by nine tram and five bus routes with stops
outside the center and has a wider catchment area of some 1 million potential
consumers, of which c580,000 live within 15 minutes travel time.
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 2013
(and not including Galeria Dominikanska), the Group owned 156 retail properties,
with a market value of EUR2.20 billion, diversified across seven countries with
a total gross lettable area of 1.245 million sqm. In 2012, Atrium produced a
gross rental income of EUR193.5million.
The Company is based in Jersey and dual listed on the Vienna and Euronext
Amsterdam Stock Exchanges under the ticker ATRS.
This ad hoc announcement 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 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.
Further inquiry note:
For further information:
FTI Consulting Inc.:
+44 (0)20 7831 3113
Richard Sunderland
Will Henderson
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
Original content of: Atrium European Real Estate Limited, transmitted by news aktuell