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28 May 2012

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Atrium European halves loss, confident on future

Listed CEE shopping centre group Atrium European Real Estate, created two years from Meinl European Land, reported a net loss of E449m for 2009, around half of 2008's E845m, and a 133% jump in EBITDA, excluding property revaluation and exceptionals. "The situation today is very different from a year ago, both from a market and an Atrium standpoint," said CEO Rachel Lavine.

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