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05.12.2018 – 12:57

Atrium European Real Estate Limited

EANS-News: Atrium European Real Estate Limited
Atrium completes refinancing for Wars Sawa Junior with a ?170 million loan

  Corporate news transmitted by euro adhoc with the aim of a Europe-wide
  distribution. The issuer is responsible for the content of this announcement.


St Helier Jersey / Channel Islands -
Zwtl.: Atrium completes refinancing for Wars Sawa Junior with a EUR170 million

Jersey, 5 December 2018. Atrium European Real Estate Limited (VSE/ Euronext:
ATRS) ("Atrium" or the "Company" and together with its subsidiaries, the
"Group") has refinanced with Helaba the Wars Sawa Junior retail centre in
Warsaw, Poland, which was acquired for EUR301.5 million in October.

Atrium has taken a EUR170 million secured loan with a tenor of eight years to
replace the existing bridge loan taken in October 2018. The Group's average
maturity following the refinancing is extended to 5.5 years and its cost of debt
is reduced to 3.1%.

Ryan Lee, Chief Financial Officer of Atrium Group, commented:

"Wars Sawa Junior is one of the best retail assets in Poland and the acquisition
has further enhanced the quality of our portfolio and income. The loan extends
our Group maturity and decreases our overall cost of debt as we continue with
the deployment of our portfolio strategy and pro-active optimization of our
balance sheet."

For further information:
FTI Consulting Inc.: +44 (0)20 3727 1000
Richard Sunderland/Claire Turvey: atrium@fticonsulting.com

About Atrium European Real Estate:

Atrium is a leading owner, operator and redeveloper of shopping centres and
retail real estate in Central Europe. Atrium specializes in locally dominant
food, fashion and entertainment shopping centres in the best urban locations.
Atrium owns 34 properties with a total gross leasable area of over 970,000 sqm
and with a total market value of approximately EUR2.8 billion. These properties
are located in Poland, the Czech Republic, Slovakia and Russia, and with the
exception of two, are all managed by Atrium's internal team of retail real
estate professionals.

About Helaba:

Helaba is a German Landesbank headquartered in Frankfurt and Erfurt and at
important financial centres worldwide. As a balance-sheet lender with a
sustainable business model, its real estate business is focused on commercial
properties in Germany, Europe and the US. Helaba started its business in Central
Eastern Europe in 2006. The bank finances office, retail and logistics
properties in Poland, the Czech Republic and Slovakia for institutional

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
Ellie Sweeney

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
ISIN:         JE00B3DCF752
stockmarkets: Luxembourg Stock Exchange, Wien
language:     English

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