EANS-News: Atrium European Real Estate Limited

ATRIUM OPENS EXTENSION AT VOLGOGRAD PARK HOUSE, RUSSIA

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Subtitle: ATRIUM OPENS EXTENSION AT VOLGOGRAD PARK HOUSE, RUSSIA

St Helier Jersey / Channel Islands (euro adhoc) - ATRIUM OPENS
EXTENSION AT VOLGOGRAD PARK HOUSE, RUSSIA

-Stand alone retail box let to OBI-

Jersey, 29 October, 2009: Atrium European Real Estate Limited
("Atrium" or the "Company") (ATX/Euronext: ATRS), 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 Volgograd Park
House shopping centre in Russia.

The extension comprises an 11,800 sqm, stand-alone retail box with
314 car park spaces, which is fully let to OBI, the leading German
DIY Company, under a 15 year lease agreement with options for three
additional periods of five years.

The opening of the OBI extension enhances the offering of what is
already a strong and well performing asset which suits the
requirements of its local south Russian catchment area. Anchored
by Karusel, SportMaster, Tekhnosila, Bouling Planet, Academy and
Starik Khotabbych, Volgograd Park House also has over 230 other
tenants across its 55 000 sqm GLA. It is located on a 69 000 sgm
site in Volgograd and was originally opened in two phases in
2003-2004.

Rachel Lavine, CEO of Atrium, commented: "The extension to our
Volgograd Park House shopping mall is a good example of Atrium´s
ability to deliver income producing improvements to its standing
assets and is a particularly effective

way of enhancing value during difficult market conditions. We continue to
explore ways of creating value and improving performance at all of our
operating assets and believe strongly in the potential of our portfolio."

For further information:

Financial Dynamics: +44 (0)20 7831 3113

Richard Sunderland
Laurence Jones
Richard.sunderland@fd.com

Atrium is established as a closed-end investment company domiciled
in Jersey. Atrium is registered with the Dutch Authority for the
Financial Markets as a collective investment scheme which may
offer participations in The Netherlands pursuant to article 2:66
of the Financial Supervision Act (Wet op het financieel
toezicht). 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.

About Atrium European Real Estate Limited Atrium is a leading real
estate company focused on shopping centre investment, management
and development in Central and Eastern Europe. As at 30 June 2009
the Group owned 152 standing investments, with a market value of
EUR1.49 billion, diversified across eight countries with a total
gross lettable area of 1.1 million sqm. Geographically, the
Group´s focus is principally concentrated in Poland, the Czech
Republic and Russia with a presence in Hungary, Romania,
Slovakia, Latvia and Turkey. In addition, the Company has a
development portfolio including several development projects with a
market value of EUR712 million as at 30 June 2009.

Gross rental income from investment properties for the year ended
31 December 2008 was EUR134 million and EUR75 million for the first
half of 2009. Net rental income for the year to 31 December 2008
amounted to EUR95 million and EUR59 million for the six months to 30
June 2009. As at 30 June 2009, the Company had a cash position of
EUR855 million against borrowings of EUR1.08 billion.

Following a strategic investment of EUR500 million by a Citi
Property Investorsand Gazit Globe Ltd joint venture, agreed in
August 2008, Rachel Lavine wasappointed Chief Executive Officer
of Atrium. Rachel Lavine has significant experience of both real
estate and the CEE region and was previously President and CEO of
Plaza Centres. The Board is chaired by Chaim Katzman, founder of
Gazit Globe Ltd. (TASE:GLOB), which has extensive global
experience of all aspects of the real estate industry and is one
of the largest, developers, owners and operators of shopping
centres in the world.

The Company is based in Jersey and dual listed on the Vienna
and Euronext Amsterdam Stock Exchanges under the ticker ATRS.

Ende der Mitteilung euro adhoc
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ots Originaltext: Atrium European Real Estate Limited
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Financial Dynamics, London

Richard Sunderland / Laurence Jones

Phone: +44 (0)20 7831 3113

mailto:richard.sunderland@fd.com

Branche: Real Estate
ISIN: JE00B3DCF752
WKN:
Index: Standard Market Continous
Börsen: Wien / official market