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Atrium disposes of 72 retail assets



The sale of 72 retail assets has been completed by Atrium European Real Estate.

The portfolio has been purchased by a private client at a sum of CZK 1925m. This included a cash payment of CZK1670m, and the balance will be secured by a vendor loan.

The assets are located within the Czech Republic and offer an overall lettable area of around 177000m². The portfolio contains primarily smaller retail properties measuring on average about 2500m².

The disposal of these assets is in line with the rebalancing of the company’s portfolio and a renewed focus on its core markets.

After the purchase of AFI Palac in Pardubice during November 2014, the group’s portfolio within the Czech Republic now holds 22 properties. This accounts for around 15.9% of its overall portfolio value, compared with 16.4% or 93 properties of its portfolio at the end of September 2014.

The portfolio has been purchased by a private client at a sum of CZK 1925m. This included a cash payment of CZK1670m, and the balance will be secured by a vendor loan.

The assets are located within the Czech Republic and offer an overall lettable area of around 177000m². The portfolio contains primarily smaller retail properties measuring on average about 2500m².

The disposal of these assets is in line with the rebalancing of the company’s portfolio and a renewed focus on its core markets.

After the purchase of AFI Palac in Pardubice during November 2014, the group’s portfolio within the Czech Republic now holds 22 properties. This accounts for around 15.9% of its overall portfolio value, compared with 16.4% or 93 properties of its portfolio at the end of September 2014.

The CEO of Atrium Group, Josip Kardun, said that the closing of this sale and the acquisitions during November 2014 is a major milestone in their re-alignment strategy.The CEO of Atrium Group, Josip Kardun, said that the closing of this sale and the acquisitions during November 2014 is a major milestone in their re-alignment strategy.

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