MPC Properties is advancing plans to expand Belgrade’s Delta City shopping centre with approximately 10,000 square metres of additional commercial space, increasing the capacity of the existing New Belgrade property for retail, restaurants, entertainment and leisure activities.
Urban planning authorities have opened a public consultation on amendments to the detailed regulation plan for Block 67 in New Belgrade. The proposal would allow additional floors above the existing building, including a covered rooftop garden and expanded commercial facilities. Under the planning documentation, designated commercial space would increase from approximately 55,000 to 65,000 square metres, while total planned gross built area would rise from 63,000 to 74,000 square metres. Employment could grow from around 1,400 to 1,600 jobs, although these figures remain estimates rather than confirmed commitments.
The expansion would allow MPC to increase the revenue potential of an established property without acquiring a new development site. Construction above an operating shopping centre could require structural reinforcement, coordination with existing tenants and measures to maintain customer access.
Rental Income and Investment Costs
The commercial viability of the additional space will depend on construction costs, rental rates, occupancy levels and tenant demand. Potential tenants include international retailers, restaurants, entertainment operators and service businesses seeking locations in New Belgrade.
The full 10,000-square-metre expansion would not necessarily represent an equivalent amount of leasable space, as circulation areas, shared facilities and technical infrastructure would also occupy part of the development.
Financing costs and possible disruption to existing rental income will also affect returns. MPC Properties has not disclosed a final investment budget, financing structure, contractor selection or construction timetable.
Planning and Approval Requirements
The proposed redevelopment reflects the growing emphasis on combining retail, dining, entertainment and leisure within established shopping centres, while competing properties in New Belgrade continue to target consumer spending and international brands.
The public consultation on the amended development plan will be followed by a planning commission hearing. The project remains subject to planning approval and subsequent construction authorisations.
