Credit: Poseidon Group
Ticker

Capitol Park Kutina opens in October

After the successful operation of seven retail parks and neighbourhood centers in Croatia, Poseidon Group continues to expand its Capitol Park network throughout the country.

Capitol Park Kutina, opening in October 2019, will see the reconstruction of a previous Super Konzum building near the city center to become a new shopping destination for the more than 13,000 residents of Kutina. The 2,000 sq m 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 sq m of built and managed Capitol Parks and Capitol Centers across SE Europe, and 90,000 sq m 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. By the end of 2020, Poseidon will be running eleven Capitols nationwide.

Sign up for our ACROSS Newsletter. Subscribe to ACROSS Magazine.

Ticker MORE

Celebrity hype at Designer Outlet Soltau with Linda Evans

Late Night Shopping with Linda Evans and Christine Neubauer on the pink carpet, live music with Alexander Knappe and Beatrice Egli and a charity tombola for "HerzPiraten".

Silent Piano Experience at Eurovea Square

Using headphones, each visitor had the experience of being in his/her own concert hall.

LCP adds another shopping center to its retail portfolio

LCP has acquired its third largest shopping center this year, purchasing the Pavilion Shopping Centre on the North Yorkshire/County Durham border.

Castellana Properties acquired Puerta Europa shopping center in Algeciras for €56.8 M

With this acquisition, the assets in Castellana Properties' portfolio amount to 18 between shopping centers, retail parks and offices.

GTC’s Galeria Jurajska was granted BREEAM certificate at the “Excellent” level

The facility confirmed its ecological fitness as it obtained BREEAM In-Use certificate at “Excellent” level in both “Asset Performance” and “Building Management” categories.

EfTEN Real Estate Fund 4 acquired shopping centers in Kaunas

EfTEN Real Estate Fund 4, a fund managed by “EfTEN Capital” AS, acquired the shopping center “River Mall” and business center “River Hall” in Kaunas.