Atrium Completes the € 191m Acquisition of Palac Flora in Prague

Lifestyle & TravelPersonal Real Estate ♦ Published: September 27, 2011; 11:41 ♦ (Vindobona)

The Vienna-listed real estate group extends its-Czech portfolio, which now reaches 98 properties after Prague's largest real estate transaction in 2011.

Atrium Completes the € 191m Acquisition of Palac Flora in Prague / Picture: © Vindobona.org

Atrium European Real Estate Limited a real estate company focused on shopping centre investment, management and development in Central and Eastern Europe, announces that it has acquired the Palác Flóra shopping centre in Prague for € 191m from its two previous owners, AFI Europe and Avestus Capital Partners. The acquisition, which was financed through a mixture of equity and debt,…