Atrium European Real Estate
has completed the disposal process of two prime Polish shopping centres, namely Atrium Felicity
and Atrium Koszalin
to ECE European Prime Shopping Centre Fund II
. The portfolio was sold for €298m, representing around 3% premium to book value as at 31 March 2019. Both centres are absolute market leaders in their catchment areas and strong performers.
Atrium Felicity offers c.77,000m² of retail space (total GLA in Atrium ownership of 57,200m² excludes Auchan
) located in Lublin. Anchor tenants include Zara, H&M and Reserved built around Auchan hypermarket and Leroy Merlin DYI store. The scheme also boasts an extensive food court and entertainment centre anchored by Cinema City with 9 screens.
Atrium Koszalin features 57,300m² of retail space and has been trading in Koszalin, one of the best developed and most attractive cities in north-western Poland, for over 10 years. The centre is anchored by highly popular Tesco
hypermarket, Castorama DIY store
, extensive leisure element, including Multikino
as well as leading fashion retailers, such as H&M
, and serves a catchment area of circa 250,000 inhabitants.