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Company Information 
 
St Helier Jersey / Channel Islands - 
  Atrium's first residential acquisitions secure 650 units in Poland for EUR53 
                                    million 
 
Jersey, 6 October 2021, Atrium European Real Estate Limited (VSE/ Euronext: 
ATRS), (the "Company" and together with its subsidiaries, the "Atrium Group" or 
the "Group"), a leading owner and operator of shopping centres and residential 
for rent properties in Central Europe, announces that it has signed its first 
two residential transactions, totalling around 650 residential units, located in 
Warsaw and Krakow in Poland, for EUR53 million in aggregate. Atrium will invest 
further into the properties in order to achieve the highest sustainability 
standards and a BREEAM certification. 
 
Both transactions are expected to be completed by the first half of 2022, with 
all apartments operational by the end of 2022. The acquisitions form part of the 
diversification strategy which targets the creation of a portfolio of 
approximately 5,000 residential for rent units by the end of 2025. 
 
The first property is located in the Wlochy district in the western part of 
Warsaw. The 541-unit building complex is scheduled for completion no later than 
Q2 2022, and will target young professionals as well as young families with 
units of various sizes and layouts. 
 
The growing Wlochy district is close to one of the main avenues in Warsaw and 
benefits from access to extensive public transport networks. These include 
direct train and bus connections to Warsaw city centre, as well as direct access 
to the capital's main surrounding motorways, Warsaw Chopin international airport 
and the office hub in Mokotow area. The local area offers numerous shops, 
shopping malls and entertainment centres, as well as schools, clinics and 
cultural institutions. 
 
The second property is being developed in Krakow, the second largest city in 
Poland and one of the leading centres of academic, economic, cultural and 
artistic life in the region. The 109-unit building is also expected to be 
delivered in Q1 2022. 
 
The property is located in the Krowodrza district, in the north-western part of 
Krakow, one of the most attractive and sought after areas of the city. The 
development is in close proximity to a large commercial centre and is a 10 
minute drive from the city's main market square and railway station. 
 
Commenting on the acquisitions, Liad Barzilai, CEO of Atrium Group, said: "These 
transactions mark a step forward in our strategy to diversify our portfolio into 
the residential for rent sector and leverage growth opportunities that will 
allow us to continue to deliver strong, long term sustainable returns to our 
shareholders. 
 
"The assets, which will provide modern, purpose-built homes in high demand areas 
in Warsaw and Krakow, exemplify how we will seek to take advantage of strong 
macroeconomic fundamentals and urbanisation trends in locations where there is 
currently a lack of good quality rental apartments. We currently have an 
identified pipeline of a further 4,000 units in Poland as we work towards 
meeting our ambitious targets and we look forward to building on these initial 
investments over the coming months." 
 
Further information can be found on the Company's website www.aere.com or for 
analysts: 
 
Doron Lavi Segelson: dlavi@aere.com [dlavi@aere.com] 
 
Press & Shareholders: 
 
FTI Consulting Inc.: +44 (0)20 3727 1000 
Richard Sunderland/Claire Turvey/ Andrew Davis: scatrium@fticonsulting.com 
[atrium@fticonsulting.com] 
 
About Atrium European Real Estate 
Atrium is a leading owner, operator and redeveloper of shopping centres and 
residential for rent apartments in Central Europe. Atrium specializes in locally 
dominant food, fashion and entertainment shopping centres in the best urban 
locations. Atrium owns 26 properties with a total gross leasable area of over 
809,000 sqm and with a total market value of approximately EUR2.5 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. In February 2020 Atrium announced a strategy to 
diversify its portfolio by investing in and managing residential for rent real 
estate, with a primary focus on Warsaw and with this announcement will own over 
650 units c. 80% in Warsaw. 
 
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. 
 
 
 
Further inquiry note: 
For further information: 
FTI Consulting Inc.: 
+44 (0)20 3727 1000 
Richard Sunderland 
Claire Turvey 
Richard.sunderland@fticonsulting.com 
 
end of announcement                         euro adhoc 
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(END) Dow Jones Newswires

October 06, 2021 02:04 ET (06:04 GMT)