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Atrium European Real Estate Limited

EANS-News: Atrium European Real Estate Limited
ATRIUM COMPLETES POLISH SHOPPING CENTRE

St Helier Jersey / Channel Islands (euro adhoc) -

  Corporate news transmitted by euro adhoc. The issuer/originator is solely
  responsible for the content of this announcement.
Company Information
ATRIUM COMPLETES
POLISH SHOPPING CENTRE
- Galeria Mosty 85% let on opening -
Jersey, 24 November 2010. Atrium European Real Estate Limited 
("Atrium" or the "Company") (VSE/Euronext: ATRS), one of the leading 
real estate companies focused on shopping centre investment, 
management and development in Central and Eastern Europe, will open 
the first phase of Galeria Mosty, its latest shopping centre 
development in Poland, today.
Located in the city of Plock, in central Poland, it will have a gross
lettable area of 9,900 sqm on opening and will be 85% let to over 50 
tenants, including the leading Polish supermarket group, Piotr i 
Pawel, as anchor. Other major tenants include electrical superstore, 
Media Expert, and fashion retailers including Reserved, Cropp Town, 
Camaieu and Deichman, who join a strong mix of local and 
international brands, ensuring an appropriate offering for the local 
catchment area. Galeria Mosty is well located in the city centre, at 
the intersection of two main roads, enabling easy access by car and 
public transport. It also has 660 parking spaces.
The opening of Galeria Mosty brings Atrium's total number of 
operating shopping centres in Poland to 18. Poland is a key market of
growth for Atrium, having shown the strongest resilience of all EU 
countries and being the only member state to grow GDP during the 
crisis. This has been reflected in Atrium's portfolio performance in 
Poland so far this year, which has risen in value by over 9%, with 
rents remaining stable.
Rachel Lavine, CEO of Atrium, commented: "We see the completion of 
our latest development as a major achievement, particularly given the
strong tenant line-up that we have already put in place at the 
centre. This success reflects both the relative strength of the local
market and the considerable expertise of our local development and 
letting teams."
Further information is available on the shopping centre's website:
www.galeriamosty.pl.
For further information:
Financial Dynamics:                            +44 (0)20 7831 3113
Richard Sunderland
Laurence Jones 
Richard.sunderland@fd.com
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

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