MPC Properties, one of Serbia’s largest real estate development companies and its partner Atterbury Europe, have begun the construction of a new shopping center in Belgrade, located on the corner of Vojislava Ilića and Mis Irbijeve Streets.
The cornerstone-laying ceremony for the new project was held on the 18th of October in the presence of Goran Vesić, Deputy Mayor of Belgrade and Ingo Nissen, Director of MPC Properties.
“Analyzing the market and following international trends, we have decided that now is the right time to offer a high quality retail concept at a location which lacks a modern retail destination. The shopping center will have a carefully selected tenant mix, with more than 150 well-known international and regional brands, ranging from fashion and sports stores to cinemas, supermarkets and a wide choice of coffee shops and restaurants,” stated Ingo Nissen, Director of MPC Properties, adding that more than 60 percent of the retail space has been already pre-leased.
The new shopping center will have a total surface of more than 130,000 sqm, including more than 43,000 sqm of retail space. Its construction is an investment of 110 million EUR and is set to be completed in spring 2020.
In addition to its attractive location and a catchment area of more than 350,000 residents within a 15 minute walk, the mall will boast an innovative retail concept designed according to the latest trends – featuring open space, more natural lighting and green areas. The project was designed by the international architecture firm Chapman Taylor from Dusseldorf.
“As one of the investors, we are proud to begin the construction of this modern shopping center in partnership with MPC Properties. Belgrade is a dynamic city with a strong potential for development and it is a great privilege to be part of this significant project that will transform an abandoned industrial site into a place where citizens can relax and enjoy modern retail amenities,” stated Raoul de Villiers, Director of Development, Atterbury Europe.
The new shopping center will be managed by Confluence Property Management.