Atrium European Real Estate has completed the purchase of the Wars Sawa Junior retail centre in Warsaw, Poland for €301.5m. Following the acquisition, 84% of the company’s portfolio is located in Poland and the Czech Republic and includes four prime centres in Warsaw and two in Prague.
Liad Barzilai, Chief Executive Officer of Atrium Group, commented: “As one of the most popular and well established retail centres in Poland, and with an annual footfall of over 60 million in and around the asset, Wars Sawa Junior is a fantastic addition to our portfolio. This asset complements our other three assets in the Polish capital and follows the opening of the latest phase of our extension at Atrium Promenada in Warsaw last week. In line with our strategy for quality growth, this acquisition further strengthens our portfolio weighting towards both the strongest Central European economies of Poland and Czech Republic, and towards larger scale, retail centres that dominate their local catchment in thriving urban areas.”
