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Atrium European Real Estate Limited

EANS-Adhoc: Atrium European Real Estate Limited

  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.
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/
end of announcement                               euro adhoc

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

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