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Investment

Meinl European Land

Meinl European Land (“MEL“) was an investor, operator, manager and developer of retail real estate in CEE

STATUS

In August 2008, Meinl Bank ended its association with MEL (now Atrium European Real Estate)

HISTORY

Established in 1997 from the spin-o of the retail properties in Central and Eastern Europe belonging to the Julius Meinl Group, with Caledonia Investments as a co-investor


Initial public offering and listing on the Vienna Stock Exchange in 2002. At this time the property portfolio consisted of € 85m of assets in the Czech Republic and Hungary


Investment management services were provided by a wholly owned subsidiary of Meinl Bank


MEL grew to be the leading retail property investment and development company in CEE, including Poland, Romania, Russia, Slovakia and Turkey


As at 31/12/07, MEL had real estate assets of €2.7 billion, with 162 properties with a combined value of €1.9 billion, plus a development pipeline on which €0.8 billion had been spent. Peak equity market value was € 6 billion