Atrium European Real Estate Limited

EANS-Adhoc: Atrium European Real Estate Limited

@@start.t1@@--------------------------------------------------------------------------------   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. --------------------------------------------------------------------------------@@end@@

ATRIUM OPENS RUSSIAN SHOPPING CENTRE EXTENSION

15.04.2009

ATRIUM OPENS RUSSIAN SHOPPING CENTRE EXTENSION

-Stand alone retail box let to Castorama-

Jersey, 16 April, 2009: Atrium European Real Estate  Limited   ("Atrium"  or  the "Company") (ATX: ATR), one of the  leading  real   estate  companies  focused  on shopping centre investment, management and development in  Central  and  Eastern Europe, announces the opening of  an  extension  to  its  Togliatti  Park  House shopping centre in Russia.

The extension comprises a 12,100 sqm, stand-alone retail unit which is fully let to Castorama, which is part of one of Europe's leading DIY groups, on an initial 10 year lease with an option for a further five years.  Having officially opened on 11 April, the new store had a successful first weekend's trading that contributed to an increase in footfall of more than 20% per day over the average for a weekend.

Togliatti Park House is a shopping centre with a  GLA  of   approximately  38,000 sqm (including Castorama) and is located on a 6.6 hectare site in Togliatti,  in the Samara Oblast region of Russia.  It was originally opened in  December  2006 and is anchored by the  German  based  Metro  group  with  a  7,000  sqm  "Real" hypermarket.    Other  tenants  include  a  mixture  of  local  brands such    as Technosila and Sportmaster, as well as number  of  strong   international  brands such as the electronics giant Apple, fashion retailers Next and Sisley  as  well as Mothercare, the specialist mother and infant retailer.

A further extension, a 6,780 sqm stand-alone retail box is also due to  open  in August this year and is already fully pre-let to Media Markt,  Europe's  leading consumer electronics retailer.

Togliatti Park House is located in the centre of the city and has approximately six million visitors per year.

Rachel Lavine, CEO of Atrium, commented:  "The extension to our   Togliatti  Park House shopping mall is a good example of how, in  the current  market,  we  are still able to create value by adding additional space to already successful  and proven retail assets.   These can be let  to  retailers  whose  formats  are  not currently represented in the existing centre, such as a DIY  superstore   through Castorama, but for which we have identified a clear demand from both  consumers, looking for product, and retailers, looking to expand into new regions.  We  are now looking forward to the opening of the second retail box at  Togliatti  later this year which brings another highly respected international  retailer  to  the mall.  We will also continue to explore opportunities to  create  further   value at Togliatti, as well  as  across  our  portfolio  of  standing assets,  either through extensions such as  this  one,  or  through   the  increased  operational efficiencies that we have begun to identify and exploit. "

Further  information  is    available    on    the    shopping    centre's website: http://www.parkhouse.ru/Tolyatti/

@@start.t2@@end of announcement                                                 euro adhoc
--------------------------------------------------------------------------------@@end@@

ots Originaltext: Atrium European Real Estate Limited
Im Internet recherchierbar: http://www.presseportal.ch

Further inquiry note:
For further information:

Financial Dynamics:        +44 (0)20 7831 3113                                                  
Richard Sunderland                                                                                          
Laurence Jones                
Richard.sunderland@fd.com

Branche: Real Estate
ISIN:      AT0000660659
WKN:        066065
Index:    Standard Market Continous
Börsen:  Wiener Börse AG / official market



Weitere Meldungen: Atrium European Real Estate Limited

Das könnte Sie auch interessieren: