Atrium to invest EUR 300 mln in mall redevelopment

Atrium’s Polish portfolio is to eventually include fewer than ten shopping centres but their average size will grow to 50,000 sqm. “Our shopping centres in the capital currently make up one third of the value of our Polish portfolio but in future their value is to exceed 50 pct,” stated Scott Dwyer, the CEO of Atrium Poland Real Estate Management. “The Polish capital has an extremely favourable demographic structure and a lot of potential for long-term growth. It is one of few cities in Europe that might continue developing for the next twenty years,” he adds. The work to extend the Atrium Reduta centre by 5,800 sqm was begun in August this year and a repositioning of the centre is also planned. The layout, interior design and the tenant mix are to change to fit in better with big city life. The construction work is being carried out in partnership with Carrefour, the co-owner of the centre. “Well-informed consumers, who make up the vast majority of