Atrium European Real Estate has announced post-tax profits of €10m from its investments in Eastern and Central Europe.
The shopping centre specialist was hit by a downturn in income from its Russian investments but increased rental income by 5.1% across the rest of Europe.
Including Russia, the net rental income of the group fell from €103m in the six months to the end of June 2014 to €97.9m for the same period in 2015.
Atrium disposed of 72 non-core assets in the Czech Republic, leaving the business with an 82-asset portfolio whose value increased like-for-like by 7.4% to €2.7bn by the end of June 2015.
