Atterbury Europe is on everyone’s lips… The recent announcement of Atterbury Europe’s first big transaction on the Continent made headlines in both the South African as well as Cypriot newspapers and television over the past weeks.
It’s a deal! Henk Deist, CFO Atterbury Europe and “old man” Nicolas Shacolas seal the deal in Nicosia, capital city of Cyprus
Atterbury Europe represents an exciting new partnership between Atterbury and a group of European investors. It will also partner with JSE-listed real estate capital growth fund Attacq Limited to tap into this market.
Atterbury Europe will develop and invest in shopping centres on the Continent with an immediate focus on fast-developing Eastern European markets. The first major deal, a landmark investment in a €200-million retail portfolio in Cyprus was signed last week. The Mall of Cyprus is a leading retail destination of 55 600m² in the heart of Nicosia, the capital City of Cyprus. A second mall, The Mall of Engomi — an extremely successful 18 000m² retail centre located in a densely populated residential area with plenty of expansion and revitalisation potential — forms part of this landmark deal.
According to Louis van der Watt, CEO Atterbury Group:
“Atterbury Europe is a partnership designed for great things with our European investors’ excellent knowledge of Europe’s retail and property markets, and unique local market insight coupled with Atterbury’s experience in delivering successful retail property assets across territories and continents. We are excited about the investment opportunities this powerful partnership creates and look forward to expanding our investment footprint in Europe.”
Back: Martin Olivier, Panos Labropoulos, George Chrysaphinis, Marios Shacolas, Pambos Ioannides, Christakis Charalambous, Nicolas Shacolas and Marios Panayides Front: George Mitsides, Demetris Demetriou, Henk Deist and George Aniliades
