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Atlas Estates - its business and strategy
Atlas Estates Limited (“the Company”) is a closed-ended investment company incorporated in Guernsey. The Company began trading and was admitted to the AIM market of the London Stock Exchange on 1 March 2006. On 12 February 2008 the Company was also admitted to the Warsaw Stock Exchange and share trading commenced.
The Company invests in real estate assets situated in Central and Eastern Europe (“CEE”). The Company currently operates in the Polish, Hungarian, Slovakian, Romanian and Bulgarian real estatemarkets.
The Company’s investment objective is to generate attractive and recurring returns from a diversified portfolio of real estate assets located in economically attractive countries in CEE.
The Company is targeting an overall return of 20 per cent on an annualised basis and intends to employ leverage to enhance its returns although the extent of such leverage will vary on a property by property basis.
The Company’s assets are managed by Atlas Management Company Limited(“AMC”), a company whose sole purpose is to manage the Company property portfolio. AMC provides the Company with a management team with vast experience and knowledge of real estate investment and development. In particular AMC can demonstrate a good track record of investment, development and management of property in CEE markets.
The Board comprises of four independent non-executive directors:
Quentin Spicer - Chairman
Mike Stockwell - Chairman of the Audit Committee
Shelagh Mason - Director
Dr Helmut Tomanec - Director
Please click on the links to the right to access their biographies.
The Board provides strategic management and acts as the final Investment Committee for all investment/divestment decisions.
Further information on the structure and governance of the Company is included in the Investor Relations section of this website.
The executive and day to day management is provided by Atlas Management Company Limited, the Property Manager.