EANS-Adhoc: Atrium European Real Estate Limited / Atrium agrees €298 million disposal of Polish retail assets as portfolio repositioning continues

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 responsible for the content of this announcement.

Company Information
13.05.2019

St Helier Jersey / Channel Islands –
Atrium agrees EUR298 million disposal of Polish retail assets as portfolio repositioning continues

Ad hoc announcement – Jersey, 13 May 2019, Atrium European Real Estate Limited (VSE/ Euronext: ATRS) („Atrium“ or the „Company“ and together with its subsidiaries, the „Group“), a leading owner, operator and redeveloper of shopping centres and retail real estate in Central Europe, has entered into an agreement to sell two Polish shopping centres to ECE European Prime Shopping Centre Fund II, managed by the independent fund managing company ECE Real Estate Partners, for EUR298 million, representing around 3% premium to book value as at 31 March 2019. The transaction is subject to the fulfilment of certain conditions precedent and is expected to be completed in the third quarter of 2019. The sale forms part of the Company’s ongoing stated strategy to reposition its portfolio towards large, high quality dominant retail centres in prime urban locations and capital cities.

A more detailed version of this announcement will be available shortly on the company’s website.

For further information:
FTI Consulting Inc.: +44 (0)20 3727 1000
Richard Sunderland/Claire Turvey: atrium@fticonsulting.com [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 33 properties with a total gross leasable area of over 975,000 sqm and with a total market value of approximately EUR2.9 billion. These properties are located in Poland, the Czech Republic, Slovakia and Russia, and with the exception of one, are all managed by Atrium’s internal team of retail real estate professionals.

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.

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
FAX:
mail: richard.sunderland@fticonsulting.com
WWW: http://www.aere.com
ISIN: JE00B3DCF752
indexes:
stockmarkets: Wien, Luxembourg Stock Exchange
language: English

Digital press kit: http://www.ots.at/pressemappe/2915/aom

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

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