EANS-Adhoc: Atrium European Real Estate Limited / ATRIUM ACQUIRES AFI PALÁC PARDUBICE IN CZECH REPUBLIC FOR EUR83 MILLION

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06.11.2014

ATRIUM ACQUIRES AFI PALÁC PARDUBICE IN CZECH REPUBLIC FOR EUR83
MILLION

Ad hoc announcement - Jersey, 6 November 2014: Atrium European Real
Estate Limited ("Atrium" or the "Company") (VSE/Euronext: ATRS), a
leading owner, operator and developer of shopping centres and retail
real estate in Central and Eastern Europe, announces that it has
acquired the AFI Palác shopping centre in Pardubice, Czech Republic,
from AFI Europe N.V. for a consideration of EUR83 million. The
acquisition is financed using existing cash resources.

The acquisition is in line with Atrium's strategy to acquire prime
income producing shopping centres in order to become the dominant
player in its core markets of the Poland, Czech Republic and
Slovakia, and follows the recent agreement for the acquisition of the
Focus Mall in Bydgoszcz, Poland for EUR122 million as well as the
successful issuance of a EUR350 million unsecured eight year
Eurobond.

As a result of the acquisition, over 19% of Atrium's total income
producing portfolio by market value is in the Czech Republic, with
77% located in countries which have A- or above sovereign rating.

AFI Palác Pardubice was originally developed in 2008 and comprises
20,900 sqm of retail GLA across four storeys, with the ground and
first floors dedicated to retail and the second floor occupied by a
3,255 sqm Cinema City along with a 1,725 sqm conference centre. There
is also a c.542 space underground car park.

The freehold property is currently 96.4% let to a number of anchor
tenants including H&M, Deichmann, Intersport, New Yorker and Lindex.
Other high-profile brands in the centre include Bata, Promod and
Sephora. There is also a large Tesco owned and occupied superstore
adjacent to the centre.

Pardubice is a regional capital city and 10th largest city in the
Czech Republic, with a population of c.90,000. AFI Palác is the
region's only contemporary shopping centre and has a catchment of
over 200,000 inhabitants within a 30 minute drive. The centre is
located at the intersection of four major roads and within a short
walking distance of both the main bus and railway station and the
historic old town.

Commenting on the acquisition, Rachel Lavine, Group CEO, said: "This
acquisition follows quickly after we signed an agreement to acquire
the Focus Mall in Bydgoszcz, Poland and demonstrates our ability to
deploy capital into quality assets, dominant in their catchment areas
within the strong cities of our core markets. The AFI Palác
complements and further strengthens our existing Czech portfolio, as
well as enlarges our exposure to one of the strongest economies in
the region."

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