EANS-Adhoc
Atrium European Real Estate Limited /ATRIUM COMPLETES ACQUISITION OF THE FOCUS MALL IN BYDGOSZCZ, POLAND FOR EUR122 MILLION
--------------------------------------------------------------------------------
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.
--------------------------------------------------------------------------------
other
25.11.2014
ATRIUM COMPLETES ACQUISITION OF THE FOCUS MALL IN BYDGOSZCZ, POLAND
FOR EUR122 MILLION
Ad hoc announcement - Jersey, 25 November 2014: Atrium European Real
Estate Limited ("Atrium" or the "Company") (VSE/Euronext: ATRS), a
leading owner, operator and developer of shopping centres and retail
real estate in Central and Eastern Europe, announces that, further to
its announcement on 6 October 2014, it has completed the acquisition
of Focus Mall in Bydgoszcz, Poland from Aviva Investors for EUR122
million.
The acquisition is financed using existing cash resources and is in
line with Atrium's strategy to become the dominant player in its core
markets of Poland, Czech Republic and Slovakia through the purchase
of strong income producing shopping centres which complement the
Company's existing portfolio.
Focus Mall, which is 96.1% let, is the dominant shopping centre in
Bygdoszcz, Poland's eighth largest city, and comprises 41,000 sqm of
retail GLA across two storeys. Anchor tenants include Alma
supermarket, a Saturn electronics store and a Cinema City, as well as
a large number of other high profile international and domestic
retail fashion brands including C&A, H&M, Reserved, Cropp, House,
Bershka, Pull & Bear and New Yorker.
Commenting on the acquisition, Rachel Lavine, CEO of Atrium Group,
said: "We are pleased to confirm the completion of the acquisition of
this dominant and modern shopping centre, which is well located in a
heavily populated city centre area. We look forward to working with
our tenants to ensure the continued success of Focus Mall."
For further information:
FTI Consulting Inc.:
+44 (0)20 3727 1000
Richard Sunderland
Claire Turvey
Nick Taylor
atrium@fticonsulting.com
About Atrium European Real Estate Atrium is a leading real estate
company focused on shopping centre investment, management and
development in Central and Eastern Europe. As at 30 September 2014
the Group owned 151 shopping centres and retail properties, with a
market value of EUR2.5 billion, diversified across seven countries
with a total gross lettable area of 1.3 million sqm. In 2013, Atrium
produced a gross rental income of EUR203.5 million.
The Company is based in Jersey and dual listed on the Vienna and
Euronext Amsterdam Stock Exchanges under the ticker ATRS.
This press release 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 incorporated
and domiciled in Jersey and regulated by the Jersey Financial
Services Authority as a certified Jersey listed fund, and is listed
on both the Vienna Stock Exchange and the NYSE 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
Nick Taylor
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
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
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.
--------------------------------------------------------------------------------
other
25.11.2014
ATRIUM COMPLETES ACQUISITION OF THE FOCUS MALL IN BYDGOSZCZ, POLAND
FOR EUR122 MILLION
Ad hoc announcement - Jersey, 25 November 2014: Atrium European Real
Estate Limited ("Atrium" or the "Company") (VSE/Euronext: ATRS), a
leading owner, operator and developer of shopping centres and retail
real estate in Central and Eastern Europe, announces that, further to
its announcement on 6 October 2014, it has completed the acquisition
of Focus Mall in Bydgoszcz, Poland from Aviva Investors for EUR122
million.
The acquisition is financed using existing cash resources and is in
line with Atrium's strategy to become the dominant player in its core
markets of Poland, Czech Republic and Slovakia through the purchase
of strong income producing shopping centres which complement the
Company's existing portfolio.
Focus Mall, which is 96.1% let, is the dominant shopping centre in
Bygdoszcz, Poland's eighth largest city, and comprises 41,000 sqm of
retail GLA across two storeys. Anchor tenants include Alma
supermarket, a Saturn electronics store and a Cinema City, as well as
a large number of other high profile international and domestic
retail fashion brands including C&A, H&M, Reserved, Cropp, House,
Bershka, Pull & Bear and New Yorker.
Commenting on the acquisition, Rachel Lavine, CEO of Atrium Group,
said: "We are pleased to confirm the completion of the acquisition of
this dominant and modern shopping centre, which is well located in a
heavily populated city centre area. We look forward to working with
our tenants to ensure the continued success of Focus Mall."
For further information:
FTI Consulting Inc.:
+44 (0)20 3727 1000
Richard Sunderland
Claire Turvey
Nick Taylor
atrium@fticonsulting.com
About Atrium European Real Estate Atrium is a leading real estate
company focused on shopping centre investment, management and
development in Central and Eastern Europe. As at 30 September 2014
the Group owned 151 shopping centres and retail properties, with a
market value of EUR2.5 billion, diversified across seven countries
with a total gross lettable area of 1.3 million sqm. In 2013, Atrium
produced a gross rental income of EUR203.5 million.
The Company is based in Jersey and dual listed on the Vienna and
Euronext Amsterdam Stock Exchanges under the ticker ATRS.
This press release 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 incorporated
and domiciled in Jersey and regulated by the Jersey Financial
Services Authority as a certified Jersey listed fund, and is listed
on both the Vienna Stock Exchange and the NYSE 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
Nick Taylor
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
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
Aktuelle Themen
Weitere Artikel des Autors
1 im Artikel enthaltener WertIm Artikel enthaltene Werte