Poseidon Group announces opening of Capitol Park Zajecar in spring 2019 - Investment worth EUR 10 million

Completed projects in Sabac, Sombor and Belgrade, with construction underway in Leskovac, Poseidon Group continues to invest in the Serbian retail market by bringing its Capitol Park brand of retail parks to Zajecar in spring 2019.

Serving Zajecar’s 60,000 citizens, City Hall representatives met Poseidon’s senior management team from the United Kingdom.

Capitol Park Zajecar will be Poseidon Group’s fifth retail park in Serbia. This EUR 10 million investment will provide 18 stores of leading Serbian and international brands on 6,500 m2 of retail space, generating new shopping and leisure facilities in the city. Some of the brands that will join Capitol Park Zajecar 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 Zajecar by bringing around 300 jobs to the local community in the construction phase and 150 to 200 more upon opening.

– We decided to invest in Zajecar because of its central location in the Borsko-Zajecarski district, the improving economic outlook for the city, and lack of modern retail complex in this part of Serbia. We are proud to confirm that months before the opening we have let over 80 % of the retail space in Capitol Park Zajecar – said Poseidon’s corporate affairs director James Gunn.

– The arrival of Capitol Park to Zajecar 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 Zajecar and making it a part of their retail park family – the Mayor of Zajecar, Bosko Nicic, emphasized the significance of this investment for the city.

The 20,000 sqm plot is situated in the city center on the corner of Cupiceva and Djure Salaja streets. As well as Capitol Parks, Poseidon Group will announce new platforms outside the retail sector during 2019 where they will continue to be pioneers in property concepts to deliver best in class projects.

Poseidon Property is a member of the Poseidon Group, a UK-based company that invests in, develops and manages retail, office, residential and tourism property. The current value of Poseidon Group real estate portfolio is EUR 1.2 billion, 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.