EANS-Adhoc: Atrium European Real Estate Limited / ATRIUM COMPLETES FIRST ROMANIAN SHOPPING CENTRE

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02.04.2009

ATRIUM COMPLETES FIRST ROMANIAN SHOPPING CENTRE

- Militari shopping centre opens 99% let following 40,600 sqm GLA
extension -

Jersey, 2 April, 2009: Atrium European Real Estate Limited
("Atrium" or the "Company") (ATX: ATR), one of the leading real
estate companies focused on shopping centre investment, management
and development in Central and Eastern Europe, announces that it
has completed the extension of 'Militari Shopping', its first
shopping centre in Romania, which opens today.

The original centre opened in 2004 and consisted of two
units let to international DIY chain, Praktiker, and leading
national electronics retailer, Domo. The two phased extension to
the Bucharest based centre commenced in 2007 and, upon completion
today, has increased the centre's gross lettable area by 40,600
sqm to a total of 51,400 sqm.

In December 2008, Atrium announced that phase I of the extension, a
14,770 sqm hypermarket (and 1,400 of offices) let to Auchan on a 15
year lease, had opened ahead of schedule. On completion of phase
II, Militari Shopping is 99% let to 63 domestic and international
tenants with an average lease length of 8.7 years. The fact
that Decathlon, C&A and Mladinska have chosen Militari
Shopping as the location for their first stores in Romania and that
it is New Yorker's (one of Europe's largest fashion businesses)
first shop in Bucharest, underlines both the quality of the centre
itself and also ongoing willingness of international brands to
enter new markets, providing the right product is available.

The extension comprises four main parts; a stand alone building
leased to Decathlon, an Auchan Hypermarket, a retail strip which
includes brands such as Takko, Deichmann, Hervis and well known
Romanian fashion retailer, Tina R and a mall gallery, which is home
to tenants such as Humanic, Media Galaxy, Toyplex, Adidas, Arsis
Vodafone and Kenvelo.

Militari is Atrium's first shopping centre in Romania. It is
located in a densely populated area of western Bucharest, very
near the E81 motorway junction, has 2200 car parking spaces and is
well served by public transport(bus and subway).

Rachel Lavine, CEO of Atrium, commented: "Despite the
difficult market conditions we take great pleasure in the fact that
we are able to open Militari Shopping today almost 100% let. It is
all the more encouraging that the centre is home to such a wide
variety of well known tenants, including international blue-chip
brands, some of whom have chosen Militari Shopping as their
entrance point into the Romanian market. This underlines both the
quality of product which Atrium brings to the market and the
ongoing willingness of international operators to enter new
markets, providing they have access to the right product and the
right partner to work with."

Further information is available on the shopping centre's
website: www.militari-shopping.ro

end of announcement euro adhoc
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ots Originaltext: Atrium European Real Estate Limited
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Financial Dynamics: +44 (0)20 7831 3113

Richard Sunderland

Laurence Jones

Richard.sunderland@fd.com

Branche: Real Estate
ISIN: AT0000660659
WKN: 066065
Index: Standard Market Continous
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