Atrium European Real Estate Limited, an owner and operator of shopping centres and residential for rent properties in Central Europe, announced that it has signed its first two residential transactions, totalling around 650 residential units, located in Warsaw and Kraków in Poland, for €53 million in aggregate. Atrium will invest further into the properties in order to achieve the highest sustainability standards and a BREEAM certification. Both transactions are expected to be completed by the first half of 2022, with all apartments operational by the end of 2022. The acquisitions form part of the diversification strategy which targets the creation of a portfolio of approximately 5,000 residential for rent units by the end of 2025. The first property is located in the Włochy district in the western part of Warsaw. The 541-unit building complex is scheduled for completion no later than Q2 2022 and will target young professionals as well as young families with units of various sizes and layouts….
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