EANS-Adhoc: Atrium European Real Estate Limited

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ATRIUM OPENS RUSSIAN SHOPPING CENTRE EXTENSION

15.04.2009

ATRIUM OPENS RUSSIAN SHOPPING CENTRE EXTENSION

-Stand alone retail box let to Castorama-

Jersey, 16 April, 2009: Atrium European Real Estate Limited
("Atrium" or the "Company") (ATX: ATR), one of the leading real
estate companies focused on shopping centre investment, management
and development in Central and Eastern Europe, announces the
opening of an extension to its Togliatti Park House shopping
centre in Russia.

The extension comprises a 12,100 sqm, stand-alone retail unit which
is fully let to Castorama, which is part of one of Europe's leading
DIY groups, on an initial 10 year lease with an option for a further
five years. Having officially opened on 11 April, the new store had
a successful first weekend's trading that contributed to an increase
in footfall of more than 20% per day over the average for a weekend.

Togliatti Park House is a shopping centre with a GLA of
approximately 38,000 sqm (including Castorama) and is located on a
6.6 hectare site in Togliatti, in the Samara Oblast region of
Russia. It was originally opened in December 2006 and is anchored
by the German based Metro group with a 7,000 sqm "Real"
hypermarket. Other tenants include a mixture of local brands
such as Technosila and Sportmaster, as well as number of strong
international brands such as the electronics giant Apple, fashion
retailers Next and Sisley as well as Mothercare, the specialist
mother and infant retailer.

A further extension, a 6,780 sqm stand-alone retail box is also due
to open in August this year and is already fully pre-let to Media
Markt, Europe's leading consumer electronics retailer.

Togliatti Park House is located in the centre of the city and has
approximately six million visitors per year.

Rachel Lavine, CEO of Atrium, commented: "The extension to our
Togliatti Park House shopping mall is a good example of how, in the
current market, we are still able to create value by adding
additional space to already successful and proven retail assets.
These can be let to retailers whose formats are not currently
represented in the existing centre, such as a DIY superstore
through Castorama, but for which we have identified a clear demand
from both consumers, looking for product, and retailers, looking to
expand into new regions. We are now looking forward to the opening
of the second retail box at Togliatti later this year which brings
another highly respected international retailer to the mall. We
will also continue to explore opportunities to create further
value at Togliatti, as well as across our portfolio of standing
assets, either through extensions such as this one, or through
the increased operational efficiencies that we have begun to
identify and exploit. "

Further information is available on the shopping centre's
website: http://www.parkhouse.ru/Tolyatti/

end of announcement euro adhoc
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ots Originaltext: Atrium European Real Estate Limited
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

For further information:

Financial Dynamics: +44 (0)20 7831 3113

Richard Sunderland

Laurence Jones

Richard.sunderland@fd.com

Branche: Real Estate
ISIN: AT0000660659
WKN: 066065
Index: Standard Market Continous
Börsen: Wiener Börse AG / official market