Credit: Poseidon Group

Pozega Shopping Capitol to open in October 2019

By the end of 2020, Poseidon will be running eleven Capitols nationwide.

After the operation of seven retail parks and neighbourhood centers 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.

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 sq m 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 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 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.

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