After 15 years’ operations in Croatia, where it manages 11 retail parks and neighbourhood centres, 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 run 16 Capitol Parks in the region.
First tenants to open under Capitol Park brand in Ivanić-Grad were resized and renovated Konzum store, café Allegri and a newcomer Kik Textilien. All three tenants welcomed their first buyers in October while Pepco joins them on November 5th. The reconstructed building near the city centre aims to become a new shopping destination for the more than 9,000 residents of Ivanić-Grad. The 5,000 sqm Capitol Park introduces three international brands opening their stores for the very first time in the city and TEDi will open in the coming weeks.
Poseidon Group Portfolio director Ivana Rajković emphasised the value that Capitol Park brings to the community. “We value a family shopping experience and adjust our tenant mix and leisure activities to create an ideal shopping destination for all generations. We strongly believe this new tenant mix will attract many residents of the city and surrounding municipalities. 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.”
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.
About Poseidon Group
Established in 2001 in London, Poseidon Property has grown to employ more than 200 people internationally. The current book value of its projects is EUR 1.2 billion. In Croatia the portfolio includes retail developments in Ivanić-Grad, Jastrebarsko, Krk, Križevci, Kutina, Makarska, Požega, Sisak, Vinkovci and Zadar.
Capitol Park investments:
Capitol Park strives to become the leading retail park network in SE Europe by providing an international shopping experience while delivering unbeatable local prices. Currently present in Serbia and with upcoming openings in Croatia, the network will include a total of 16 retail parks by the end of 2020.
