Atrium sells €298m of Polish retail assets

Atrium European Real Estate Limited has entered into an agreement to sell two Polish shopping centers to ECE European Prime Shopping Centre Fund II, a fund managed by ECE Real Estate Partners, for €298 million ($335 million).

The sale of the two Polish assets, Atrium Koszalin, located in Koszalin, and Atrium Felicity in Lublin, is part of the company’s ongoing strategy to reposition its portfolio toward large, high-quality dominant retail centers in prime urban locations and capital cities.

The transaction is expected to be completed in the third quarter of 2019.

Atrium Felicity offers 77,000 square meters (828,821 square feet) of retail located in Lublin, a major administrative center in Lubelskie voivodship, and a growing academic and back-office center in southeastern Poland, with a population exceeding 340,000 people. The center, opened in March 2014, is the fashion destination of the town, with anchor tenants including ZARA, H&M and Reserved built a