October 17, 2019 - Poseidon Group, a London-based company for the investment, development, and management of real estate, confirmed the construction of a 30,000 square foot logistics center for a large Croatian retail chain in Business Park Dalmatia. Located in Dugopolje, Business Park Dalmatia still has a remaining 245,000 square meters (approximately 24 ha).

Dalmatinski Portal writes that Business Park Dalmatia is already the leading location in the region for facilities that work in distribution, light production, food production, and more. It has direct access to the main road network and is equipped with a modern water, gas, sewage and telecommunication infrastructure system that provides maximum flexibility to Croatian and foreign investors who will provide business opportunities to the local and regional workforce.

The minimum parcel for development in Business Park Dalmatia is 20,000 square meters. The location has direct access to public transport and is located close to the A1 Dubrovnik - Zagreb motorway, 10 minutes away from Split and 30 minutes to Split International Airport. Investors enjoy the support of the Dugopolje municipality in the development of the Dugopolje business zone.

Poseidon Group Corporate Affairs Director James Gunn said:

“We are pleased to welcome the start of construction in Business Park Dalmatia that will improve employment opportunities and provide new services to the local population. This is a significant positive confirmation of our strategy and long-term approach in Croatia, where we have been present for 15 years. Today's news allows us to expand our investments in attractive commercial real estate networks across Southeast Europe and beyond."

Poseidon Group recently announced the opening of the Zadar Shopping Capitol in December this year, which is their eighth retail park, or shopping center in Croatia. The group continues to expand and strengthen its Capitol Park network nationwide. By the end of 2020, the Capitol Park network they run will grow to 11 locations.

Zadar, for example, will get a new grocery store that will replace Konzum as the main tenant. The 6,400-square-meter building will also be opened for tenants outside the food sector. Tenants who remain open during the construction are Mana Fashion, Planet Footwear, Raiffeisen Bank, Micromacro Group, Intertextile Stanic, Bio Svijet and several others. A new tenant to enrich the center's existing offer is the TEDi store. This combination of tenants at the new Zadar Shopping Capitol will offer shoppers a better shopping experience in the central city of Zadar, attracting more than 75,000 customers.

The Capitol Park platform is part of Poseidon Group's retail portfolio, comprised of over 280,000 m2 of retail parks and malls managed throughout SE Europe, 90,000 m2 used by supermarkets and more than 1,000 residential properties in planning and construction. The company is actively collaborating with partners and investors from around the world on other projects in the UK as well as in SE Europe.

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