Atrium to redevelop Promenada

The management board of Atrium European Real Estate has approved the first stage of a redevelopment process in its Atrium Promenada shopping mall in Warsaw, the company said in its latest financial report. The cost of the redevelopment is estimated at €44 million, the company also said. Atrium Promenada is located in the Praga Południe district of Warsaw. It has a GLA of 55,000 sqm, with some 10,500 sqm assigned to offices. The retail space is leased to 180 tenants.