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.
Požega Shopping Capitol, opening in October 2019, will bring a new food retailer – Spar, which replaces Konzum as the main anchor tenant. The 4,000 sqm building will also welcome other new tenants from the non-food sector – namely Pepco, TEDi, Tutto Bene, Bipa and Intersport. The new tenant mix offers a fresh shopping experience and ensures that Požega Shopping Capitol will become a new shopping destination in the city to attract shoppers from the more than 26,000-strong community.
Poseidon Group Corporate Affairs director James Gunn emphasised the value that the Capitol Park platform brings to each community in which it operates. “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 platform 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.