MPC Properties has acquired the Delta City shopping centre in Belgrade from UK-based Hystead Limited for €115 million.

Delta Real Estate has secured the resources and the technical documentation for the construction of the Delta Center business complex in New Belgrade. The complex will include the 26,000 sqm Hotel InterContinental Beograd, in addition to 26,000 sqm of office space. The project will also include an exclusive shopping area and restaurants, as well as a large underground car park.

Delta Holding has laid the foundation stone for the Delta Planet Niš shopping centre, which will spread over 40,000 sqm on two floors.  Completion is scheduled for spring 2021.

At the beginning of December, Delta Holding will launch the construction of a new office building, Delta House in Belgrade which will house the company's future headquarters, local media reports. The 23,000 sqm building will be constructed in New Belgrade, between the Crowne Plaza Hotel and Geneks Apartments, following an investment of €40 million.

In the next two years Delta Holding plans to invest €600 million in real estate projects in Serbia, Bosnia and Herzegovina and Bulgaria.

Delta Holding subsidiary Delta Real Estate, in cooperation with AP investments, has finalised the acquisition of a shopping mall in Varna, Bulgaria. The project is worth €120 million and it will be completed in May 2018.