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Atrium Poland Real Estate Management

CATEGORY
Retail Developer of the Year, Poland
Atrium Poland Real Estate Management represents the European Real Estate (AERE) in Poland – one of the top owners, operators and redevelopers of fashion and food driven shopping centers in Central Europe. As of today, the Group's portfolio includes 32 shopping centers and properties located in four countries with a market value of EUR 2.7 billion and a total gross leasable area of more than 870,000 sqm. These properties are located in Poland ,the Czech Republic, Slovakia and Russia.Atrium is listed on the Vienna Stock Exchange and Euronext Amsterdam under the ticker ATRS. AERE focuses on strengthening and further developing its portfolio in Poland and Czech with focus on the capital cities as locations with the biggest growth potential. AERE keeps focus on assets dominant in their regions, at the hearts of their communities, and further improving customer experience, building attractive produc and service offer and increasing awareness of their local brands.
Name of company
Atrium Poland Real Estate Management
Name of President or Managing Director for Poland
Anna Dafna
President or Managing Director for Poland profile
Anna Dafna has been with Atrium Poland since 2009 and with Atrium Group nearly 10 years.As the CFO,she is in charge of financial policy and operation for Atrium Poland that has 21 shopping centres in its asset portfolio.Holding the joint position of CFO and Deputy CEO,she supervises of all business aspects and the positioning of the Group in Poland in the local market as the leading owner and operator of shopping centres with a dominant position in their regions.
Projects completed between October 2018 and September 2019
Atrium Promenada 2Q 2016 to 4Q 2018 – finishing the second phase of the extension, redeveloping 25,000 sqm of space where 7,800 is incremental, and the total GLA increasing to 63,300 sqm, a 160m investment into upgrading the asset. Atrium Targówek, 3Q 2016 to 4Q 2018 – finishing the extension and refreshing unique façade, adding 8,600 sqm by bringing new anchor units for H&M and Zara. Atrium Reduta, 4Q 2016 to 4 Q 2018 – finishing the extension, adding aprox. 4,000 sgm of space with brand new Cinema 3D and CityFit.
Value of the projects completed between October 2018 and September 2019 (in EUR)
Investment in redevelopments and refurbishments of 3 Warsaw assets Atrium Promenada, Atrium Reduta, Atrium Targówek in the amount of €151 m.
Size of the projects completed between October 2018 and September 2019 (GLA)
Atrium Promenada redeveloped 25 000 of space where 7800 is incremental, and the total GLA increased to 63 300 sqm. Atrium Targówek as a result, 8 600 sqm of new leasable area was added to bring the total GLA to 60 800 sqm. Atrium Reduta – adding approx. 4,000 sqm of new GLA. Currently, the total GLA of Atrium Reduta amounts to approximately 50,000 sqm.
Portfolio of all completed properties currently held by your company
Poland Atrium Biała, Białystok, 38,738 sqm Atrium Copernicus, Toruń, 47,470 sqm Atrium Gama, Radom, 14,971 sqm Atrium Gdynia, Gdynia, 4,984 sqm Atrium Kasztanowa, Piła, 12,500 sqm Atrium Molo, Szczecin, 27,447 sqm Atrium Mosty, Płock, 18,798 sqm Atrium Olkusz, Olkusz, 7,436 sqm Atrium Plejada, Bytom, 31,204 sqm Atrium Płock, Płock, 10,955 sqm Atrium Promenada, Warsaw, 63,300 sqm Atrium Reduta, Warsaw, 50,000 sqm Atrium Siemianowice, Siemianowice Śląskie, 6,242 sqm Atrium Świętochłowice, Świętochłowice, 7,655 sqm Atrium Targówek, Warsaw, 60,800 sqm Focus Bydgoszcz, Bydgoszcz, 42,859 sqm Galeria Dominikańska, Wrocław, 32,647 sqm Kaufland, Płock, 6,261 sqm King Cross Praga, Warsaw 7,600 sqm (Atrium ownership) Wars Sawa Junior, Warsaw, 36,760 sqm
Value of the projects currently held by company (in EUR)
1.7 billion
Size of the projects currently held by company (GLA)
474,500 sqm
Properties sold between October 2018 and September 2019
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.
Value of the projects sold between October 2018 and September 2019 (in EUR)
Atrium Felicity and Atrium Koszalin for 298 million euro.
Size of the projects sold between October 2018 and September 2019 (GLA)
Atrium Felicity and Atrium Koszalin with a total lettable area of approximately 111,100 sqm.
Projects in progress
Not applicable.
Value of the projects in progress (in EUR)
Not applicable.
Size of the projects in progress (GLA)
Not applicable.
Projects in the pipeline
Next stages of Atrium Promenada extension: • Above 35,000 sqm GLA to c. 100,000 sqm including office • Refurbishment and upgrades of c. 30,000 sqm • Additional car park spaces 870 (2,700 in total) • Completion by 2023 of an iconic asset
Please say why your company should be considered for the award
For a number of years Atrium’s ongoing strategy has been to reposition our portfolio towards large, high quality dominant retail centres in prime urban locations and capital cities. As a result of recent activity 83 percent of our portfolio is now focussed on the two strongest economies in Central Europe, Poland and the Czech Republic. And, importantly, over 50% is in central locations in the capital cities of Warsaw and Prague. In addition, we have undertaken a substantial amount of development and refurbishment at many of our malls, adding entertainment and leisure areas, such as food courts, cinemas and other activities. This has allowed us to turn them into real leisure destinations which increases visitor numbers and promotes retail spend. We’ll continue to follow a strategy that looks to dominant schemes in good locations in built-up areas.
Company website
https://aere.com/