Tous Actualités
Suivre
Abonner Atrium European Real Estate Limited

Atrium European Real Estate Limited

EANS-Adhoc: Atrium European Real Estate Limited
UPDATE ON EXCHANGE TRANSACTION

  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.
24.11.2009
UPDATE ON EXCHANGE TRANSACTION
-Applicable anti-trust clearances now obtained-
Jersey, 24 November, 2009: Atrium European Real Estate Limited 
("Atrium" or the "Company") (ATX/Euronext: ATRS), one of the leading 
real estate companies focused on shopping centre investment, 
management and development in Central and Eastern Europe, announces 
that further to its announcements of 3 September 2009 and 2 October 
2009, all applicable anti-trust clearances relating to the Exchange 
Transaction have been obtained.
As a result, the Company expects to complete the Exchange Transaction
in the week commencing 30 November 2009.  Upon completion, the 
Company will make a further announcement detailing the completion, 
the payment and timings of the Special Dividend as well as the 
commencement of the dividend policy and the intended launch of the 
Tender Offer for the Company's 2006 Notes.
For further information:
Financial Dynamics:    +44 (0)20 7831 3113
Richard Sunderland
Laurence Jones
Richard.sunderland@fd.com
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.
About Atrium European Real Estate Limited Atrium is a leading real 
estate company focused on shopping centre investment, management and 
development in Central and Eastern Europe. As at 30 June 2009 the 
Group owned 152 standing investments, with a market value of E1.49 
billion, diversified across eight countries with a total gross 
lettable area of 1.1 million sqm.  Geographically, the Group's focus 
is principally concentrated in Poland, the Czech Republic and Russia 
with a presence in Hungary, Romania, Slovakia, Latvia and Turkey. In 
addition, the Company has a development portfolio including several 
development projects with a market value of E712 million as at 30 
June 2009.
Gross rental income from investment properties for the year ended 31 
December 2008 was E134 million and E75million for the first half of 
2009. Net rental income for the year to 31 December 2008 amounted to 
E95million and E59 million for the six months to 30 June 2009. As at 
30 June 2009, the Company had a cash position of E855 million against
borrowings of E1.08 billion.
Following a strategic investment of E500 million by a Citi Property 
Investors and Gazit Globe Ltd joint venture, agreed in August 2008, 
Rachel Lavine was appointed Chief Executive Officer of Atrium. Rachel
Lavine has significant experience of both real estate and the CEE 
region and was previously President and CEO of Plaza Centres. The 
Board is chaired by Chaim Katzman, founder of Gazit Globe Ltd. 
(TASE:GLOB), which has extensive global experience of all aspects of 
the real estate industry and is one of the largest developers, owners
and operators of shopping centres in the world.
The Company is based in Jersey and dual listed on the Vienna and 
Euronext Amsterdam Stock Exchanges under the ticker ATRS.
end of announcement                               euro adhoc

Further inquiry note:

Financial Dynamics, London
Richard Sunderland / Laurence Jones
Phone: +44 (0)20 7831 3113
mailto:richard.sunderland@fd.com

Branche: Real Estate
ISIN: JE00B3DCF752
WKN:
Index: Standard Market Continous
Börsen: Wien / official market

Plus de actualités: Atrium European Real Estate Limited
Plus de actualités: Atrium European Real Estate Limited
  • 17.11.2009 – 13:24

    EANS-News: Atrium European Real Estate Limited / Notice of interim results

    Corporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement. Company Information St Helier Jersey / Channel Islands (euro adhoc) - 17 November 2009 Atrium European Real Estate Limited Notice of interim results Atrium European Real Estate Limited (ATX/EURONEXT: ATRS), one of the leading real ...

  • 29.10.2009 – 12:41

    EANS-Adhoc: Atrium European Real Estate

    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. Formal supplement to the half year report 2009 pursuant to sec. 87/(1)/3 of the Austrian Stock Exchange Act 29.10.2009 Formal supplement to the half year report 2009 pursuant to sec. 87/(1)/3 of the Austrian Stock Exchange Act Jersey, 29 ...