After the successful operation of seven retail parks and neighbourhood centres in Croatia, where it has been present for more than a decade, the London-based property investor, developer and asset manager Poseidon Group continues to expand and strengthen its Capitol Park network throughout the country. By the end of 2020, Poseidon will be running eleven Capitols nationwide.
Capitol Park Kutina, opening in October 2019, will see the reconstruction of a previous Super Konzum building near the city centre to become a new shopping destination for the more than 13,000 residents of Kutina. The 2,000 sqm Capitol Park will introduce four international brands, most opening their stores for the very first time in the city – namely Pepco, TEDi, Deichmann and Bipa. Capitol Park Kutina will be a new destination for shopping and provide 50 new jobs for the local community upon opening.
Poseidon Group Corporate Affairs director James Gunn emphasised the value that Capitol Park brings to the community. “We value the family shopping experience and adjust our tenant mix and leisure activities to create an ideal shopping destination for all generations. Under our Capitol Park and Shopping Capitol brands, Poseidon Group is a recognised high-quality regional retail leader, and we are happy to continue our growth in Croatia and build new possibilities in the retail sector through this year and next.”
The Capitol Park brand is part of Poseidon Group’s retail real estate portfolio composed of more than 280,000 sqm of built and managed Capitol Parks and Capitol Centres across SE Europe, and 90,000 sqm of built supermarkets alongside more than 1,000 residential apartments and houses. The company is actively exploring co-investment partnerships in its UK and SE Europe projects with investors worldwide.