With completed "Capitol Park" retail park projects in Šabac, Sombor and Belgrade and construction works underway in Leskovac, Poseidon Group continues to invest in the Serbian retail market. In Spring 2019 the company will open another Capitol Park in the Serbian town Zaječar.
Serving Zaječar’s 60,000 citizens, City Hall representatives met this month Poseidon’s senior management team from the United Kingdom.
Capitol Park Zaječar a 10 million EUR Investment
Capitol Park Zaječar will be Poseidon Group’s fifth retail park in Serbia. This 10 million EUR investment will provide 18 stores of leading Serbian and international brands on 6,500 sqm of retail space, generating new shopping and leisure facilities in the city.
Some of the brands that will join Capitol Park Zaječar are JYSK, Nefa furniture, Studio Moderna, Extreme Intimo, Opposite shoes, Djak sport, Lilly, LC Waikiki, New Yorker, Deichmann, Sinsay and N Sport, with more names to be announced in the following months.
It will also boost the economy of Zaječar by bringing around 300 jobs to the local community in the construction phase and 150 to 200 more jobs upon its opening.
"We decided to invest in Zaječar because of its central location in the Borsko-Zaječar district, the improving economic outlook for the city, and lack of modern retail space in this part of Serbia. We are proud to confirm that months before the opening we have let over 80 percent of the retail space in Capitol Park Zaječar,” said Poseidon’s Corporate Affairs Director James Gunn.
“The arrival of Capitol Park to Zaječar will not only bring a new shopping experience, but more importantly new jobs. These are the moments that demonstrate the city’s progress and proof that we are heading in the right direction. Once again we want to thank Poseidon Group for investing in Zaječar and making it a part of their retail park family.”
The 20,000 sqm plot is situated in the city centre on the corner of Čupićeva and Djure Salaja streets.
Visit the retail park's official website for updates and visual presentations.
Besides Capitol Parks, Poseidon Group will announce soon new platforms outside the retail sector during 2019.
About Poseidon Group
Poseidon Group is a UK based company that invests, develops and manages retail, office, residential and leisure properties.
The current value of Poseidon Group real estate portfolio is 1.2 billion EUR.
Its portfolio is comprised of over 60,000 sqm of built retail parks, 36,000 sqm of built food supermarkets, and more than 400 residential apartments and houses in planning and construction.