Atrium European Real Estate Limited ('Atrium' or the 'Company') (VSE/Euronext: ATRS), one of the leading real estate companies focused on shopping center investment, management and development in Central and Eastern Europe, announces that it has secured a 12,500 m² pre-let to DIY store operator Leroy Merlin at its 75,000 m² Atrium Felicity shopping center development in Lublin, Poland.
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Atrium Felicity is now 71% pre-let.
Following this deal, and the pre-sale in June of a 19,700 m² hypermarket at the site to a major international food retailer, Atrium Felicity is now 71% pre-let, with over a year to go before the center is due to open. Other retail brands which have pre-let space at the center include H&M, Reserved, Mohito, House, and Intersport, as well as Zara, Zara Home, Bershka, Stradivarius, Pull & Bear, Oysho and Massimo Dutti from the Inditex Group.
Having recently appointed an international contractor to undertake the development works, construction has now begun on site, with completion of Atrium Felicity expected by the end of 2013.
Commenting, Rachel Lavine, CEO of Atrium said: "To have achieved pre-lets of over 70% at Atrium Felicity at this stage of development and to have attracted yet another strong international anchor brand in Leroy Merlin, is a great achievement that underlines the strength of the location and attractiveness of the space to tenants.
"Atrium Felicity will provide a wide-ranging offer from every day grocery shopping at the hyper-market through to high fashion and DIY, appealing to a large number of consumers, and we are confident that it will become a thriving retail hub for the region."
Source: FTI Consulting
