Atrium European Real Estate Limited

EANS-News: Atrium European Real Estate Limited
ATRIUM OPENS 75,000 SQM ATRIUM FELICITY SHOPPING CENTRE DEVELOPMENT IN LUBLIN, POLAND

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St Helier Jersey / Channel Islands (euro adhoc) - ATRIUM OPENS 75,000 SQM ATRIUM
FELICITY SHOPPING CENTRE DEVELOPMENT IN LUBLIN,
                                     POLAND
 
JERSEY, 20 March 2014 - Atrium European Real Estate (the "Group") (VSE/Euronext:
ATRS), a leading owner, operator and developer of retail real estate and
shopping centres in Central and Eastern Europe, announces that its first major
greenfield development, Atrium Felicity, in Lublin, Poland opens today.
 
The 172,000 sqm building is the largest and most modern shopping centre to open
in the city of Lublin, which is the capital of the Lublin Voivodeship province
and, with a population of around 350,000, is the largest Polish city east of the
Vistula River.  With its large scale, market leading offer and dominant
location, as well as a catchment area of around 470,000 people which extends out
of Lublin and into nearby cities such as Che?m and Zamo??, Atrium Felicity is
expected to attract shoppers from across the region.
 
Atrium Felicity offers 75,000 sqm of gross leasable area of retail across 120
units. The centre is 95% occupied, with a further four stores in solicitors'
hands.  The shopping centre is anchored by a 20,000 sqm hyper market which was
pre-sold to Auchan in 2011, a 12,600 sqm Leroy Merlin DIY store and a 3,500 sqm
Saturn electronics store. It also houses a large number of important fashion
brands such as H&M, the Inditex Group (Zara, Bershka, Stradivarius, Pull & Bear,
Massimo Dutti), C&A and LPP Group (Reserved, Mohito, Sinsay, Cropp, House and
Home&You). In addition, Tommy Hilfiger and New Yorker are among many brands
which have chosen Atrium Felicity as the location for their first stores in
Lublin in Atrium Felicity.
 
In line with changing consumer habits and in order to create a dominant family
or social destination centre Atrium Felicity has a comprehensive leisure
offering with 15 cafés and restaurants, as well as free wifi which both
encourages dwell time and allows visitors to be fully interactive with the
centre's own marketing activities and those of its tenants. In addition, the
shopping centre will host a nine screen Cinema City complex which will be the
first in Lublin and only the second in Poland to offer the new 4D experience.
 
Atrium Felicity has been designed and constructed in line with the up-to-date
standards of efficiency and sustainability, and an application has been made for
a BREEAM rating.
 
Rachel Lavine, Chief Executive Officer of Atrium, commented: "The opening of the
Atrium Felicity shopping centre today is an important milestone in both Atrium's
history, being the first major greenfield development, and for the City of
Lublin, as its largest and most modern retail and leisure centre.  The fact that
Atrium Felicity has been delivered almost fully occupied to such a wide range of
strong international and regional retail brands is testament to the quality and
location of the centre itself and the hard work and expertise of our leasing
teams.  I am confident that Atrium Felicity will be a great success and be seen
as an exciting and desirable retail and leisure proposition for both residents
of and visitors to Lublin."
 
For further information:
FTI Consulting Inc.:

                                                                                
       
                              
+44 (0)20 7831 3113

Richard Sunderland
Will Henderson
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 31 December 2013
the Group owned 153 shopping centres and retail properties, with a market value
of EUR2.4 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.

Prior to the opening of Atrium Felicity, Atrium owned 22 properties in Poland
with a gross lettable area of 423,000 sqm and a market value of EUR1.2 billion.

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 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:
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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company:     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
 

 


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