GZT to own over 50 percent of Atrium shares

Israels’ Gazit-Globe (GZT) will purchase 13.9 percent of Atrium shares, expanding its stake to around 55 percent for €229 million, Bloomberg reported. Poland is Atrium’s market in  terms of portfolio value (€1.32) and total GLA (476,100 sqm). It holds 23 properties in the country. Gazit-Globe owns $22 billion of assets in more than 20 countries. Atrium European Real Estate owns a €2.5 billion portfolio of 151 primarily food-anchored shopping centres and retail properties in Eastern Europe.