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Poseidon Group, an investor, asset manager and \u00a0property manager of the Capitol Park centres across Croatia, confirmed today the sale of the assets they fully manage in Zadar, Kri\u017eevci, Krk, Jastrebarsko, Ivani\u0107-Grad and Makarska, to a group of local private investors.<\/p>\n
Shopping Capitols in Zadar and Krk and Capitol Parks in Kri\u017eevci, Ivani\u0107-Grad, Makarska and Jastrebarsko were all acquired from Konzum during the first decade of 2000 and fully redeveloped and refurbished throughout 2019 and 2020 with Poseidon as the development manager in the refurbishment phase and asset and property manager after re-opening. The company remains property, asset and facility manager, taking care of more than 50 tenants on over 37,000 sqm of gross lettable area. This asset portfolio worth EUR 50 mln was now bought by a group of local private investors.<\/p>\n
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Ante Grubi\u0161i\u0107, Director of Asset Management in Poseidon Group, comments: \u201cThe development and sale of retail parks and shopping centres with Capitol Park brand is a classic example of Poseidon Group\u2019s value-add and investment approach, converting old facilities and sites into modern retail parks and shopping malls of the highest international standard, and delivering significant value to the cities they operate in, its inhabitants and all stakeholders involved. Our aim is to provide the best possible service to the visitors and to become a shopping destination of choice to local residents. We are thankful to all local communities on their support and loyalty.\u201d<\/p>\n
About Poseidon Group:<\/u><\/p>\n
Poseidon Group\u2019s Capitol Park brand is part of a property portfolio comprising more than 310,000m2<\/sup>\u00a0of built and managed retail outlets across SE Europe, 90,000m2<\/sup>\u00a0used by supermarkets, and more than 1,000 residential buildings in planning and construction.\u00a0 Owned, developed and managed by Poseidon Group with its SE Europe local teams and network of offices in Croatia, Serbia and Slovenia, it strives to become the region\u2019s leading retail property operator.\u00a0 Providing an international shopping experience at affordable local prices, the London-based company operates 11 retail parks and neighbourhood centres as well as 20 other stand-alone retail objects across Croatia.<\/p>\n For further information, please contact<\/u>:<\/p>\n