The gross income obtained by Atrium European Real Estate from renting Militari Shopping Center Retail Park in Bucharest decreased by 12.7 percent in the first half of 2011 to EUR 3.46 million, from EUR 3.97 million reported in the same period last year, according to the company's recent financial report.

Militari Shopping Center’s net income also decreased by 1.2 percent to EUR 3.2 million in the first six months of this year, from EUR 3.3 million reported in the same period in 2010. The retail’s park market value grew by EUR 1.3 million from end-2010, to EUR 70.39 million, according to the company. The occupancy rate at the end of June stood at 99.2 percent compared to 98.1 percent recorded in end-2010.

At a group level, Atrium European Real Estate reported gross rental income of EUR 85 million at the end of June, 2011, while the net income stood at 78 million, from EUR 65.3 million reported at the end of 2010.

The group operates in several countries in the region, namely in Romania, Czech Republic, Hungary, Lithuania, Poland, Russia, Slovakia, Turkey, Bulgaria, Georgia and Ukraine. Get the fund's full financial report here.

Irina Popescu, irina.popescu@romania-insider.com

(photo source: Facebook)