EANS-Adhoc: Atrium European Real Estate Limited / ATRIUM COMPLETES SALE OF PORTFOLIO OF 72 SMALLER RETAIL ASSETS IN THE CZECH REPUBLIC

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15.01.2015

ATRIUM COMPLETES SALE OF PORTFOLIO OF 72 SMALLER RETAIL ASSETS
IN THE CZECH REPUBLIC

Ad hoc announcement - Jersey, 15 January 2015: 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, further to
its announcement on 9 December 2014, it has completed the sale of a
portfolio of 72 retail assets (the "Portfolio") in the Czech
Republic. The Portfolio is sold to a private client account managed
by Peakside Capital Advisors (the "Purchaser") for a consideration of
CZK 1,925 million (c.EUR68.5 million*). The consideration comprises a
cash payment of CZK 1,670 million (c.EUR59.5 million*) with the
balance satisfied through a secured vendor loan to the Purchaser.

The Portfolio consists of 72 retail assets located throughout the
Czech Republic with a total lettable area of c.177,000 sqm and
primarily comprises smaller format retail properties with an average
size of c.2,500 sqm. The divestment of the assets forms part of the
Company's on-going rebalancing of its portfolio, focusing on Atrium's
core markets and larger scale, well-established shopping centres
which dominate their catchment areas.

Following the acquisition of the prime shopping centre AFI Palác in
Pardubice in November last year, the Company's Czech portfolio now
comprises 22 properties, accounting for 15.9% of Atrium's total
portfolio by value, compared to 93 properties or 16.4% of the
portfolio as at 30 September 2014.

Commenting on the sale, Josip Kardun, CEO of Atrium Group,
said:"Following the two acquisitions we completed in November last
year, the closing of the sale of this portfolio marks a major
milestone in our strategy of realigning our portfolio towards
well-established, dominant shopping centres and reweighting our
income stream away from a significant number of smaller assets
towards higher quality cash flow."

*Based on an exchange rate of EURO 1 to CZK 28.1

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 30September 2014the Group owned 151 shopping centres and retail
properties, with a market value of EUR2.5billion, 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