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Atrium completes acquisition of the Focus Mall in Bydgoszcz

Focus Mall Bydgoszcz

Atrium European Real Estate Limited announces that, further to its announcement on 6 October 2014, it has completed the acquisition of Focus Mall in Bydgoszcz, Poland from Aviva Investors for €122 million.

The acquisition is financed using existing cash resources and is in line with Atrium's strategy to become the dominant player in its core markets of Poland, Czech Republic and Slovakia through the purchase of strong income producing shopping centres which complement the Company's existing portfolio.

Focus Mall, which is 96.1% let, is the dominant shopping centre in Bygdoszcz, Poland's eighth largest city, and comprises 41,000 sqm of retail GLA across two storeys. Anchor tenants include Alma supermarket, a Saturn electronics store and a Cinema City, as well as a large number of other high profile international and domestic retail fashion brands including C&A, H&M, Reserved, Cropp, House, Bershka, Pull & Bear and New Yorker.

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