BELGRADE GETS A NEW AND MODERN SHOPPING CENTER

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Deputy Mayor of Belgrade, Goran Vesić and CEO of MPC Properties Ingo Nissen have officially laid down a foundation stone at the construction site of a new shopping center on the corner of Vojislava Ilića St. and Mis Irbijeve St. with over 43,000 square meters of sales space and a total built area of 130,000 m2. The new shopping center will uplift and enhance the surrounding district where there is an exceptional need for a modern shopping destination. The project is a joint venture of MPC Properties, the largest investor in the region of South-East Europe and Atterbury Europe, focused on shopping centre investments and retail development opportunities in Europe, which will collectively invest more than 110 million euros in this project.

The opening ceremony of the new shopping center is planned for the spring of 2020 and thanks to this investment, over 150 international and regional brands will enrich this part of Belgrade with their offers. In addition to the location, the new shopping center will be recognizable by an innovative concept which follows the latest global trends in retail with multiple open areas, lots of natural light and greenery, all in order to provide consumers with the maximum comfort to shop and relax. The modern design of the building is a conceptual result of well-known international design office Chapman Taylor based in Dusseldorf, Germany.

“MPC Properties has been present on the market for more than 16 years and sets the highest standards of construction and development of shopping and business destinations. UŠĆE Shopping Center, developed and managed by MPC Properties is the leader in shopping center category and the best shopping center in the region, representing the ultimate shopping destination. By analyzing the market and following global trends, we have estimated that this is an ideal moment to offer quality, comprehensive and modern retail concept at the location which does not have a modern shopping destination. The shopping center will feature a specially created tenant mix, with well-known international and regional names, from fashion and sports brands, cinema to supermarket and a rich offer of restaurants, bars and coffee shops. It is our utmost pleasure to inform you that on the day of laying the foundation stone, more than 60% of sales premises have been leased, which speaks for itself about the location. I also have to express my gratitude to the city administration for another exceptional cooperation and the speed of acquiring all necessary permits, which will hopefully continue in the future” said Ingo Nissen, CEO of MPC Properties.

“As co-developers Atterbury Europe is extremely thrilled with the construction start of this state of the art shopping centre alongside MPC. Belgrade is an exciting city with loads of growth potential and it is our privilege to be part of this exciting development whereby an abandoned industrial site can be transformed into a place of relaxation and enjoyment for the citizens,” explains Raoul de Villiers, Director of Developments for Atterbury Europe.

The new shopping center is an addition to the existing series of investments of MPC Properties, which is also known in the market as the owner of the largest shopping center in the region – UŠĆE Shopping Center, Mercator Center Belgrade, business centers Ušće Tower I and II, Navigator Business Center I and II. This investment will unify the expertise and rich experience the company has, as well as incorporate the latest global trends in the retail industry. The new shopping center on the corner of Vojislava Ilića St. and Mis Irbijeve St. will be managed by Confluence Property Management.

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