Euro Styl S.A. - a Tri-City developer specializing in residential projects and part of the Dom Development S.A. Capital Group - has acquired an investment land parcel located in the Młode Miasto area of Gdańsk, from Atrium European Real Estate Ltd. The vendor was represented by experts from JLL international advisory firm.
Atrium Polska opened the extension of its Atrium Targówek shopping centre in Warsaw. On 25 October, a new fashion alley was opened with 32 shops, introducing 27 new brands to the shopping centre. The food court area has also received a new upgraded look. Following the remodelling, 8,600 sqm of new leasable area was added to bring the total GLA to 60,600 sqm.
Atrium European Real Estate Limited has completed the purchase of the Wars Sawa Junior retail centre in Warsaw, Poland for €301.5 million. Following the acquisition, 84% of the company’s portfolio is located in Poland and the Czech Republic and includes four prime centres in Warsaw and two in Prague.
Atrium European Real Estate Limited has signed an agreement to acquire Wars Sawa Junior, a prime retail asset located in the heart of Warsaw and in its most prominent high street retail area, for a consideration of €301.5 million. Atrium is to acquire Wars Sawa Junior from PFCEE, a fund managed by CBRE Global Investors, using a mixture of existing cash resources and external financing.
Atrium European Real Estate Limited has completed the sale of the Atrium Militari shopping centre in Bucharest, Romania to MAS Real Estate Inc. for €95 million, which represents a 9% premium to book value on 31 December 2017.
Atrium European Real Estate Limited has entered into an agreement to sell Atrium Militari shopping centre in Bucharest, Romania to MAS Real Estate Inc., for €95 million, representing a 9% premium to book value on 31 December 2017. The transaction is subject to the fulfilment of certain conditions precedent which are expected to be finalised by the end of the third quarter of 2018.
Atrium European Real Estate Limited announces its results for 2017. The company is focusing on owning quality assets in well-connected, strong, urban locations in the region's largest and strongest economies. 20 smaller assets were sold during 2017 and early 2018 for €80 million, with the effective exit from Hungary and the Czech portfolio rotation completed.
Czech start-up Opifer, which has so far invested in biotechnology and IT start-ups, has acquired the Futurum shopping centre in Brno from Atrium European Real Estate, e15.cz reports.
Atrium European Real Estate Limited announced 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.
Further to its ad hoc announcement of 21 December 2016, Atrium European Real Estate Limited announced that Liad Barzilai has, effective today, been appointed, as Chief Executive Officer of the Group.
COS, the office fit-out supplier, has leased 3,000 sqm in the Miro project, in northern Bucharest. All of the company’s employees will start working in the new offices next summer. Part of the space will host a showroom. The building is developed by Speedwell.
Recovery clinic Empatio București has leased 200 sqm in The Eminescu Offices project located in central Bucharest. The opening of the clinic is scheduled for April 2022. The office building is developed by Akcent Development and managed by Cushman & Wakefield Echinox.
SIG, a supplier of building products on the Polish market has decided to relocate its branch. It leased 2,067 sqm of warehouse and office space in City Logistics Katowice. The tenant was represented in the negotiation process by real estate advisory firm Cresa Poland.
New appointments
BNP Paribas Real Estate Poland strengthens its Capital Markets department. Bartłomiej Sutkowski, a highly valued expert with almost 15 years of experience within the real estate industry will be its new Associate DIrector.
MDC2 COO and co-founder Jeremy Cordery was recently appointed as a Board Member of the company’s Board of Directors and will be an active member of the following committees: ESG, IC and Audit & Risk.
Avison Young announced Karolina Pruchniewska’s promotion to the role of Communications Manager CEE. Based in Poland, Karolina will be responsible for enhancing brand awareness of the company in Central and Eastern Europe, supporting Avison Young in Bulgaria, the Czech Republic, Hungary and Romania also regarding internal communication within the firm. She will also be still managing marketing & PR activities of the Polish branch of Avison Young.
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