The sale of the two Polish assets: Atrium Koszalin, located in Koszalin, and Atrium Felicity in Lublin
In July 2019 Atrium European Real Estate completed the sale of two Polish shopping centres, Atrium Koszalin, in Koszalin and Atrium Felicity, in Lublin, with a total lettable area of approximately 111,100 sqm, for 298 million euro or around 3% above book value. The sale of the two Polish assets is part of the company’s ongoing strategy to reposition its portfolio towards large, high quality dominant retail centres in prime urban locations and capital cities.
Atrium Felicity was opened in 1Q 2014 and offers 75,000 sqm total GLA. It is conveniently connected with the system of regional and national roads which allow comfortable access to inhabitants of the region. At the same time, it is located at a distance of not more than 5 minutes driving distance from the city centre, at Aleja W. Witosa, one of the main arteries of Lublin (which is a part of the way from Warsaw to Chełm and Zamość). It is equally easy to reach it by means of public transport.
Atrium Koszalin, regional fashion shopping centre with total catchment area 247 000 inhabitants and 89 200 households, was opened in 4Q 2008. It offers 55,000 sqm total GLA.It’s a regional shopping center with a strong position in whole voivodship.
