Atrium completes €302m acquisition

Atrium European Real Estate has completed the purchase of the Wars Sawa Junior retail center in Warsaw, Poland, for €301.5 million ($344 million), previously reported by IREN in August 2018.

Following the acquisition, 84 percent of the company’s portfolio is located in Poland and the Czech Republic and includes four prime centers in Warsaw and two in Prague.

“As one of the most popular and well-established retail centers in Poland, and with an annual footfall of over 60 million in and around the asset, Wars Sawa Junior is a fantastic addition to our portfolio,” said Liad Barzilai, CEO of Atrium Group. “This asset complements our other three assets in the Polish capital and follows the opening of the latest phase of our extension at Atrium Promenada in Warsaw last week. In line with our strategy for quality growth, this acquisition further strengthens our portfolio weighting to