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With three retail parks already operating in Sabac, Sombor and Belgrade, Poseidon Group continues to invest in the Serbian retail market. \u00a0The UK-based property investor, developer and asset manager this year brings its Capitol Park brand of retail parks to the over 145,000 residents of the southern city of Leskovac.<\/p>\n
Announced today by Poseidon Group management at the Leskovac Municipality city hall, Capitol Park Leskovac construction will start in the summer for an opening in late autumn this year<\/p>\n
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\u201cCapitol Park Leskovac will be Poseidon\u2019s fourth retail park in Serbia with an equity investment of almost EUR 10M. \u00a0It will attract 16 leading Serbian and international retailers to increase consumer choice at affordable prices. \u00a0The investment will boost the local economy by bringing around 500 jobs to the local community in the construction phase and a further 200 upon opening. The decision to invest in Leskovac supports the NALED (National Association of Local Economic Development) view of the city as a location with great economic potential,\u201d said the company\u2019s corporate affairs director James Gunn.<\/p>\n
Mayor of Leskovac Goran Cvetanovic emphasized the significance this investment has for the city: \u201cThe arrival of Capitol Park will not only bring a great shopping experience, but more importantly new jobs. \u00a0These are the moments when we see the city’s progress and proof that we are heading in the right direction. Once again, I thank Poseidon Group for investing in Leskovac and making it a part of their retail park family.”<\/p>\n
The plot of 16,500 sqm is situated in the wider city centre, at the junction of 28 Marta and Strahinjica Bana streets, located next to a densely populated residential zone with access to the E75 highway.\u00a0 Capitol Park Leskovac will have a total lettable area of 6,500 sqm and bring the first modern shopping and leisure experience to families in Leskovac.<\/p>\n
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