Russia Defence and Security Report Q2 2013
- Language: English
- Published: February 2013
Abstract
The ratings on Jersey-based real estate group Atrium European Real Estate Ltd. (previously Meinl European Land Ltd., MEL) are constrained by its aggressive and relatively unproven growth strategy in the high-risk Eastern European retail real estate markets, meager cash flows, and expectations of very challenging real estate markets in the years ahead. These factors are tempered by the group's strong capital structure, whereby a large part of its development pipeline is pre-funded. In addition, the group faces limited debt maturities in the years ahead, which supports the ratings. Atrium owns, manages, and develops retail real estate in Eastern Europe. Its current €2.8 billion real estate portfolio (including on-balance sheet developments) is spread across the region, with a focus on Russia...
Companies mentioned in this report are:
- Atrium European Real Estate Ltd.
Action: Review
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- Atrium European Real Estate Ltd.
| Format | Properties | |
|---|---|---|
| Electronic | The report will be emailed to you. |