Bojovic & Partners has advised the Poseidon Group, a British property investment, development, and management company, on the structuring of its co-investment partnership in the Capitol Park Sombor retail park project with Mitiska REIM, which was advised by Schoenherr.
Capitol Park Sombor will span more than 5,600 square meters, of which 2,500 will be occupied by a Lidl supermarket, while the remaining 3,100 square meters will be divided into ten retail stores. The retail park will provide parking for 250 cars. Opening is scheduled for autumn 2017.
According to Bojovic & Partners, "with a catchment area including neighboring Hungary and Croatia, the retail park will primarily serve the 86,000 residents of the Municipality of Sombor and surrounding Vojvodina towns."
The Bojovic & Partners team advising the Poseidon Group on the transaction was led by Partner Marija Bojovic and included Senior Associates Jelena Milacic and Ivan Gazdic.
Schoenherr's team advising Mitiska REIM consisted of Real Estate Partner Ivan Pantovic, Attorney at Law Dijana Grujic, and Head of Real Estate Slaven Moravcevic.
