Focus Mall Bydgoszcz, IMAGE: JLL
Investment

ATRIUM COMPLETES ACQUISITION OF FOCUS MALL

Atrium European Real Estate Limited, a leading owner, operator, and developer of shopping centers and retail real estate in Central and Eastern Europe, has announced that, further to its announcement on October 6, 2014, it has completed the acquisition of Focus Mall in Bydgoszcz, Poland, from Aviva Investors for €122 million.

The acquisition was financed using existing cash resources and is in line with Atrium’s strategy to become the dominant player in its core markets of Poland, the Czech Republic, and Slovakia through purchases of strong income-producing shopping centers that complement the company’s existing portfolio.

Focus Mall, which is 96.1% let, is the dominant shopping center in Bygdoszcz, Poland’s eighth-largest city, and comprises 41,000 sq m of retail GLA across two storys. Its anchor tenants include an Alma supermarket, a Saturn electronics store, and a Cinema City, as well as a 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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