EANS-Adhoc: Atrium European Real Estate Limited ATRIUM ACQUIRES THE FOCUS MALL IN BYDGOSZCZ, POLAND FOR EUR122 MILLION

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06.10.2014

ATRIUM ACQUIRES THE FOCUS MALL IN BYDGOSZCZ, POLAND FOR EUR122
MILLION

Ad hoc announcement - Jersey, 6 October 2014: Atrium European Real
Estate Limited ("Atrium" or the "Company") (VSE/Euronext: ATRS), a
leading owner, operator and developer of retail real estate and
shopping centres in Central and Eastern Europe, announces that it has
agreed to acquire Focus Mall in Bydgoszcz, Poland from Aviva
Investors for EUR122 million. The acquisition will be financed using
existing cash resources and is subject to approval by the Polish
antimonopoly office, which is expected to be finalised in Q4 2014.

The acquisition is in line with the Atrium's strategy to become the
dominant player in its core markets of Poland, Czech Republic and
Slovakia through the purchase of strong income producing shopping
centres which complement the Company's existing portfolio. As a
result of the acquisition, over 55% of Atrium's total income
producing portfolio by market value is in Poland, with 77% located in
countries which have A- or above sovereign rating.

Focus Mall was originally developed in 2008 and is the dominant
shopping centre in Bydgoszcz. It comprises 41,000 sqm of retail GLA
across two storeys, which is currently 96.1% let to a number of
anchor tenants including a c.2,800 sqm Alma supermarket, a Saturn
electronics store and a Cinema City, as well as a large number of
other high profile international and domestic retail fashion brands
including C&A, H&M, Reserved, Cropp, House, Bershka, Pull & Bear and
New Yorker.

A further two floors over the shopping centre are predominantly given
over to car parking for approximately 850 cars, as well as 830 sqm of
storage and a 156 sqm office suite for the centre management.

Bydgoszcz is Poland's eighth largest city with approximately 360,000
inhabitants and Focus Mall is well-located in a heavily populated
city centre area, adjacent to both the city's main football stadium
and the bus station, at the intersection with the city's two main
roads.

Commenting on the acquisition, Rachel Lavine, CEO of Atrium, said:
"The acquisition of Focus Mall allows us to add another dominant and
modern shopping centre to our income producing portfolio and is in
line with our strategy of acquiring established assets in the
strongest economies of the CEE region. It is highly complementary to
and further strengthens our existing Polish portfolio and gives us
another great retail platform in one of our targeted top-tier cities
in Poland."

For further information:
FTI Consulting Inc.:
+44 (0)20 3727 1000
Richard Sunderland
Claire Turvey
Nick Taylor
atrium@fticonsulting.com

About Atrium European Real Estate Atrium is a leading real estate
company focused on shopping centre investment, management and
development in Central and Eastern Europe. As at 30 June 2014 the
Group owned 153 shopping centres and retail properties, with a market
value of EUR2.5 billion, diversified across seven countries with a
total gross lettable area of 1.3 million sqm. In 2013, Atrium
produced a gross rental income of EUR203.5 million.

The Company is based in Jersey and dual listed on the Vienna and
Euronext Amsterdam Stock Exchanges under the ticker ATRS. This press
release appears as a matter of record only and does not constitute an
offer to sell or a solicitation of an offer to purchase any security.

Atrium is established as a closed-end investment company incorporated
and domiciled in Jersey and regulated by the Jersey Financial
Services Authority as a certified Jersey listed fund, and is listed
on both the Vienna Stock Exchange and the NYSE 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
Nick Taylor
Richard.sunderland@fticonsulting.com

end of announcement euro adhoc
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issuer: Atrium European Real Estate Limited
Seaton Place 11-15
UK-JE4 0QH St Helier Jersey / Channel Islands
phone: +44 (0)20 7831 3113
mail: richard.sunderland@fticonsulting.com
WWW: http://www.aere.com
sector: Real Estate
ISIN: JE00B3DCF752
indexes: Standard Market Continuous
stockmarkets: official market: Wien
language: English