MPC Properties
Balkans Real Estate, known for its brand and registered trademark MPC Properties, is one of Serbia’s largest real estate development companies. Founded in 2002, the Company has invested in more than 25 projects with a total gross buildable area of c. 1,250,000 m2. MPC Properties is actively involved in the retail, office, residential and logistic real estate sectors. In December 2007, MPC Properties formed a joint venture with a subsidiary of Merrill Lynch & Co, Inc. The joint venture was formed in December 2007 and consists of an 80% interest held by MPC Holdings and a 20% interest held by Merrill Lynch.
MPC Properties is committed to setting the benchmark in the real estate market through the development of institutional quality projects. Our highly professional management team, consisting of experienced local and international professionals, provides development, asset management, financing and leasing services. MPC Properties primary focus is on dominant real estate projects in strategic urban locations. The joint venture with Merrill Lynch has provided MPC Properties the financial and human capital to expand our real estate activities into new markets, such as Bosnia, Croatia and Macedonia.
MPC Holdings
MPC Holdings is one of the leading companies in southeastern Europe with diversified holdings in the real estate, retail, automotive, sports equipment and tobacco industries. MPC Holdings are the importers and distributors of a number of leading brands, such as Citroen, Springfield, Cortefiel, and Reebok. Additionally, MPC Holdings is one of the leading retail operators with a network of 60 retail stores in 6 countries in southeastern Europe.
Merrill Lynch Global Real Estate Principal Investments
Merrill Lynch has made the investment in MPC Properties through its Global Real Estate Principal Investments group. The group is responsible for investing proprietary and third-party capital into real estate transactions. The team approximately 25 professionals in Europe and has made, since 2002, over US$2.3 billion of investments into real estate transactions on behalf of Merrill Lynch and two funds raised and managed by Merrill Lynch Global Real Estate Principal Investments.
Merrill Lynch
Merrill Lynch is one of the world's leading wealth management, capital markets and advisory companies, with offices in 40 countries and territories and total client assets of approximately $1.2 trillion at December 26, 2008. As an investment bank, it is a leading global trader and underwriter of securities and derivatives across a broad range of asset classes and serves as a strategic advisor to corporations, governments, institutions and individuals worldwide. Merrill Lynch has approximately 50 percent ownership in BlackRock Inc., one of the world's largest publicly traded investment management companies, with approximately $1.3 trillion in assets under management at December 31, 2008. For more information on Merrill Lynch, please visit www.ml.com. Merrill Lynch was acquired by Bank of America on January 1, 2009.
