Bojović Drašković Popović & Partners advises Poseidon Group on Capitol Park Zaječar project
With completed projects in Šabac, Sombor and Belgrade, and construction underway in Leskovac, Poseidon Group continues to invest in the Serbian retail market by bringing its Capitol Park brand of retail parks to Zaječar in spring 2019. The investment is valued at EUR 10 million.
Capitol Park Zaječar will be Poseidon Group’s fifth retail park in Serbia and brings new shopping and leisure facilities to eastern Serbia. The project will provide 18 stores of leading Serbian and international brands in 6,500 m2 of retail space built on a 20,000 m2 site. Among 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. It will also boost the economy of Zajecar by bringing around 300 jobs to the local community in the construction phase and up to 200 more retail roles upon opening.
“We decided to invest in Zaječar because of its central location in the Borsko-Zaječarski district, the improving economic outlook for the city, and lack of a modern retail complex in this part of Serbia. We can confirm that six months prior to opening over 80% of the retail space in Capitol Park Zaječar has been let” – said Poseidon Group 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 wish to thank Poseidon Group for investing in Zaječar and making it a part of their retail park family” – the Mayor of Zaječar, Boško Ničić, said about the significance of the investment for the city.
Bojović Drašković Popović & Partners is advising Poseidon Group on this project as well as all its earlier Serbian retail development schemes and others in the pipeline.