MPC Holding

MPC Holding is a Serbian holding company headquartered in Belgrade and associated primarily with the ownership, development, renovation, and operation of major commercial properties. Established on 24 November 1991 by Serbian businessman Petar Matić, the company developed from a domestic investment and property business into one of the more visible participants in Serbia’s modern commercial real-estate market. Its portfolio has included shopping centers, office towers, business centers, and hotel assets, with the strongest concentration in Belgrade. A defining early project was the acquisition and renovation of Ušće Tower in 2002. The 105-meter building in New Belgrade had been partly damaged during the NATO bombing of Yugoslavia and had previously served as the headquarters of the Central Committee of the League of Communists of Yugoslavia. MPC Holding’s redevelopment of the tower helped reposition a politically symbolic and physically damaged structure as a contemporary office landmark. The company later expanded the surrounding Ušće complex with Ušće Shopping Center, which opened in 2009. The retail center represented a major investment in Serbia’s organized shopping-center sector and added a large-scale consumer destination adjacent to the office tower. MPC Holding also pursued hospitality and cross-border opportunities. In March 2008, it acquired the Holiday Inn hotel in Sarajevo, extending its activities beyond Serbia into Bosnia and Herzegovina. In March 2016, the Dutch investment group Atterbury Europe acquired a one-third ownership interest in MPC Holding, introducing a significant international institutional-investment partner into the ownership structure. The company continued to expand its Belgrade commercial-property portfolio during the late 2010s and early 2020s. In December 2017, it acquired Mercator Center Belgrade from Mercator Serbia. In January 2018, MPC announced the construction of a second skyscraper beside Ušće Tower. The new building, reported as approximately 103.9 meters high, opened on 11 June 2020 and strengthened the Ušće district as a major office and business destination. During the summer of 2020, the company also opened BEO Shopping Center and Navigator Business Center 2 in Belgrade, broadening its retail and office offering. In December 2021, MPC Properties, an associated property vehicle, acquired Delta City Belgrade from the South African investment fund Hyprop Investments. The transaction further increased MPC’s presence in the Serbian shopping-center market. Reported subsidiaries include Mercata d.o.o. Belgrade, Plaza prima d.o.o. Belgrade, MPC Air d.o.o. Belgrade, and Airfield d.o.o. Belgrade. Because the available reference material does not provide current management details, financial statements, revenue figures, or a definitive description of the present ownership structure, MPC Holding is best characterized as an active private Serbian real-estate holding group whose principal public identity rests on landmark commercial developments in Belgrade.

MPC Holding was established in Serbia on 24 November 1991 by businessman Petar Matić. Its subsequent development has centered on commercial real estate, particularly the creation and repositioning of large office and retail properties in Belgrade. The company’s best-known early intervention was its 2002 acquisition and renovation of Ušće Tower in New Belgrade. The 105-meter tower had been partly damaged during the NATO bombing of Yugoslavia and had previously functioned as the headquarters of the Central Committee of the League of Communists of Yugoslavia. Its redevelopment transformed the building from a damaged political-era landmark into a contemporary office property. MPC expanded the surrounding site with Ušće Shopping Center, which opened in 2009. The shopping center, reported as costing €150 million and covering more than 130,000 square meters, became a major component of the Ušće complex and reflected the growth of modern organized retail in Serbia. The company also expanded into hospitality through its March 2008 acquisition of the Holiday Inn hotel in Sarajevo, giving the group a presence outside Serbia. The ownership structure gained an international participant in March 2016, when Dutch-based investment group Atterbury Europe acquired one-third of MPC Holding. The company continued its portfolio expansion in Belgrade in December 2017 by purchasing Mercator Center Belgrade from Mercator Serbia. In January 2018, MPC announced plans for a second skyscraper beside Ušće Tower. The building was reported to be 103.9 meters tall and opened on 11 June 2020. The year 2020 also brought the opening of BEO Shopping Center and Navigator Business Center 2, both in Belgrade. These projects reinforced MPC’s dual emphasis on retail and office properties. In December 2021, MPC Properties acquired Delta City Belgrade from Hyprop Investments, adding another established shopping-center asset to the group’s Serbian portfolio. Publicly identified subsidiaries include Mercata d.o.o. Belgrade, Plaza prima d.o.o. Belgrade, MPC Air d.o.o. Belgrade, and Airfield d.o.o. Belgrade. The available reference material does not establish current executives, total assets, revenues, current ownership beyond the reported Atterbury Europe stake, or the precise status of every property. Accordingly, the group’s documented history is most clearly understood through its landmark acquisitions and developments rather than through publicly available corporate-financial information.

• 2021

  Delta City Belgrade is acquired

  [1]MPC Holdingen.wikipedia.org

  MPC Properties acquires Delta City Belgrade from Hyprop Investments.

• 2020

  Ušće Tower 2 opens

  [1]MPC Holdingen.wikipedia.org

  The second skyscraper beside Ušće Tower opens on 11 June.

• 2020

  BEO and Navigator Business Center 2 open

  [1]MPC Holdingen.wikipedia.org

  MPC opens BEO Shopping Center and Navigator Business Center 2 in Belgrade.

• 2017

  Mercator Center Belgrade is acquired

  [1]MPC Holdingen.wikipedia.org

  MPC Holding purchases Mercator Center Belgrade from Mercator Serbia.

• 2016

  Atterbury Europe takes a minority stake

  [1]MPC Holdingen.wikipedia.org

  Atterbury Europe acquires one-third of the ownership shares in MPC Holding.

• 2009

  Ušće Shopping Center opens

  [1]MPC Holdingen.wikipedia.org

  A major shopping center opens beside Ušće Tower in Belgrade.

• 2008

  Holiday Inn Sarajevo is acquired

  [1]MPC Holdingen.wikipedia.org

  The company acquires the Holiday Inn hotel in Sarajevo.

• 2002

  Ušće Tower is acquired and renovated

  [1]MPC Holdingen.wikipedia.org

  MPC Holding acquires and renovates the 105-meter Ušće Tower in New Belgrade.

• 1991

  MPC Holding is established

  [1]MPC Holdingen.wikipedia.org

  Petar Matić establishes MPC Holding on 24 November in Serbia.

A Serbian commercial-property holding and development group positioned around landmark office, retail, business-center, and hospitality assets, particularly in Belgrade.

• Office tower · 2002

  Ušće Tower

  A 105-meter office tower in New Belgrade acquired and renovated by MPC Holding in 2002. The building had been partly damaged during the NATO bombing of Yugoslavia and had previously housed the Central Committee of the League of Communists of Yugoslavia. Its redevelopment became a defining example of MPC’s approach to converting prominent existing structures into modern commercial real estate.

• Shopping center · 2009

  Ušće Shopping Center

  A large retail complex beside Ušće Tower in New Belgrade. Opened in 2009, it was reported as a €150 million development spanning more than 130,000 square meters. The center forms part of MPC’s flagship mixed office-and-retail destination.

• Hotel · 2008

  Holiday Inn Sarajevo

  A Sarajevo hotel acquired by MPC Holding in March 2008, representing the company’s documented expansion into hospitality and beyond the Serbian market.

• Office tower · 2020

  Ušće Tower 2

  A second skyscraper developed beside Ušće Tower in New Belgrade. Announced in 2018 and opened on 11 June 2020, the building was reported at approximately 103.9 meters high and extends the Ušće district’s office concentration.

• Shopping center · 2020

  BEO Shopping Center

  A Belgrade shopping center opened by MPC during the summer of 2020, adding another retail destination to the company’s local portfolio.

• Business center · 2020

  Navigator Business Center 2

  A Belgrade business-center development opened during the summer of 2020. It forms part of MPC’s office-property expansion alongside the Ušće skyscraper projects.

• Shopping center

  Mercator Center Belgrade

  A Belgrade shopping-center asset acquired by MPC Holding from Mercator Serbia in December 2017.

• Shopping center

  Delta City Belgrade

  A major Belgrade shopping-center asset acquired by MPC Properties from Hyprop Investments in December 2021.

• 2021

  Acquisition of Delta City BelgradeM&A

  Background

  MPC Properties pursued further consolidation in Serbia’s shopping-center market.

  Action taken

  MPC Properties acquired Delta City Belgrade from Hyprop Investments.

  Aftermath

  The acquisition added another established Belgrade retail asset to the MPC portfolio.

  Source

• 2018

  Construction of the second Ušće skyscraperGeneration change

  Background

  MPC sought to extend the Ušće office district with a second high-rise.

  Action taken

  The company announced construction of a neighboring tower reported at 103.9 meters.

  Aftermath

  The building opened in June 2020 and expanded the group’s office offering.

  Source

• 2017

  Acquisition of Mercator Center BelgradeM&A

  Background

  MPC continued building its Serbian retail-property portfolio.

  Action taken

  MPC Holding acquired Mercator Center Belgrade from Mercator Serbia.

  Aftermath

  The acquisition expanded the company’s presence in Belgrade shopping centers.

  Reported acquisition price. EUR 46 million (December 2017)

  Source

• 2016

  Atterbury Europe investmentM&A

  Background

  MPC Holding brought an international investment group into its ownership structure.

  Action taken

  Atterbury Europe acquired one-third of MPC Holding’s ownership shares.

  Aftermath

  The transaction added a significant Dutch-based institutional investor to the group’s shareholder base.

  Source

• 2009

  Opening of Ušće Shopping CenterProduct launch

  Background

  MPC expanded the Ušće office project with a large retail complex.

  Action taken

  The company opened Ušće Shopping Center beside Ušće Tower.

  Aftermath

  The site became a combined office and retail destination in New Belgrade.

  Reported development cost. EUR 150 million (2009 opening)

  Source

• 2002

  Redevelopment of Ušće TowerStrategy

  Background

  Ušće Tower was a damaged former political landmark in New Belgrade.

  Action taken

  MPC Holding acquired and renovated the tower for modern commercial use.

  Aftermath

  The property became a central office landmark in the company’s portfolio.

  Source

1. 1MPC Holdingen.wikipedia.org