Atrium European Real Estate Limited

EANS-Adhoc: Atrium European Real Estate Limited
ATRIUM ANNOUNCES SENIOR EXECUTIVE CHANGE

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  Disclosed inside information pursuant to article 17 Market Abuse Regulation
  (MAR) transmitted by euro adhoc with the aim of a Europe-wide distribution.
  The issuer is solely responsible for the content of this announcement.
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Management Changes
21.12.2016


ATRIUM ANNOUNCES SENIOR EXECUTIVE CHANGE

Ad hoc announcement - Jersey, 21 December, 2016: Atrium European Real Estate
Limited (VSE/ Euronext: ATRS) (the "Company" and together with its subsidiaries,
the "Group"), a leading owner, operator and redeveloper of shopping centres and
retail real estate in Central and Eastern Europe, announces that Josip Kardun,
Chief Executive Officer of the Atrium Group, has resigned from his role to
pursue other business interests. Mr. Kardun will remain in position until he
leaves the Group on 31 March, 2017 to help with an orderly transition.

The company also announces the appointment of Liad Barzilai who will assume the
position of Deputy Chief Executive Officer of the Group with immediate effect
and transition to the role of Chief Executive Officer of the Group upon the
expiry of Mr. Josip Kardun's term as Group CEO.

Chaim Katzman, Chairman of Atrium commented: "During his almost three years with
Atrium as both COO and, more recently, CEO Josip has made important
contributions to the Group, particularly in progressing our strategy of
improving the quality of the Group's portfolio. I would like to take this
opportunity to thank Josip for his hard work while at Atrium and express that
while we are sorry to see him go, we wish him well in his future endeavours.

"I would also like to warmly welcome Liad to his new role and wish him great
success. Liad was formerly Atrium's Chief Investment Officer and has been
working with the company for nearly 8 years. He is an experienced executive with
long-standing hands-on knowledge and understanding of the company and its
people, assets and markets.  We have a strong team in place, both at an
executive level and operationally across our portfolio. I have complete
confidence in our Atrium team, headed by Liad Barzilai, and their ability to
take the company forward making it a better company for all of our
shareholders."

Josip Kardun, Chief Executive Officer of Atrium Group, commented:  "I'm proud to
have had the opportunity to work alongside an outstanding team of professionals
in this dynamic business over the past three years. With the portfolio now well
positioned for further growth, it is reassuring to know that I leave the Group
in the extremely capable hands of Liad and the executive team, who have all
played a crucial part in Atrium's success and performance in recent years.
Atrium's strategy and value proposition is very clear and I look forward to
following the Group's continued success with close interest. Lastly, I'd like to
thank the Board of Directors, and especially the Chairman, for all their support
throughout my tenure."

Liad Barzilai, Deputy Chief Executive Officer of Atrium Group, commented:  
"I have had the pleasure to work closely with Atrium's talented team of real
estate professionals over the past 8 years and to create a portfolio of great
assets poised for long-term growth. I look forward to continuing to focus on
creating shareholder value."


For further information: 

Analysts and investors:
Ryan Lee                                                                 
+31 (0)615 023 303
rlee@aere.com

FTI Consulting Inc.:                                                    
+44 (0)20 3727 1000 
Richard Sunderland, Claire Turvey, Ellie Sweeney
atrium@fticonsulting.com 


The Company is established as a closed-end investment company incorporated and
domiciled in Jersey and regulated by the Jersey Financial Services Commission as
a certified Jersey listed fund, and is listed on both the Vienna Stock Exchange
and the 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
Claire Turvey
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, stock market: Luxembourg Stock Exchange 
language:   English
 



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