tokajo schreef op 15 februari 2018 15:27:
ATRIUM CONTINUES ITS PORTFOLIO REPOSITIONING STRATEGY THROUGH THE SALE OF
19 ASSETS FOR €70 MILLION
Jersey, 9 February 2018: 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 and Eastern Europe announces the
sale of 18 assets in Hungary and one in the Czech Republic for a combined price of €70 million,
representing an 8% premium to the book value as at 30 September 2017. The disposals form part of
the Company’s ongoing strategy to improve its portfolio through the selective rotation of capital
towards high quality, well-established shopping centres which dominate their catchment areas.
The assets have been sold in a number of separate transactions including, the completion of the sale
of Atrium’s stake in a shopping centre in Brno, Czech Republic, completing the portfolio rotation in
the Czech Republic. Atrium has also sold 18 properties in Hungary, representing substantially all its
Hungarian portfolio and the Group intends to dispose of the remaining assets in the country in due
course.
Liad Barzilai, Group Chief Executive Officer, said: “These latest disposals mark our exit from
Hungary, with the exception of a few residual assets, and, together with the sale in the Czech
Republic, demonstrate our continued progress in improving the quality of our portfolio. All of these
transactions are in line with our strategy of focussing our portfolio on large, high quality dominant
retail centres in major cities and urban locations in our core markets of Poland and the Czech
Republic, where we see greater opportunities to create value.”