[4] BIP's oldest predecessor was founded in 1839 by the Czech milling expert Johan Weinhappl from Sremska Mitrovica.

When Bajloni began digging for the foundations of his brewery in 1892, he discovered the bones of the mammoths and skulls of the Neanderthal Krapina man.

[9] Architect Hadži-Neimar designed in 1840 an elongated, large, ground floor house, built from hard materials at the corner of modern Balkanska, Gavrila Principa and Admirala Geprata streets.

The building later hosted the Saint Andrew's Day Assembly in 1858-1859 and served as the temporary theatrical scene from 1857 to 1862 after the demolition of Đumrukana.

[6][10] In the 1870s the area of Smutekovac in Senjak (modern Mostar) was purchased the land from the lawyer Pera Marković by Đorđe Vajfert, and parcelled.

By the middle of the decade, the factory was brewing 1.5 million hectoliters per year, covering over one quarter of the market in all of Yugoslavia.

It invested in the most modern equipment, including the Siemens control board which at that time only existed in NASA.

[15] The clauses included not investing the additional €5.1 million, not buying off the rest of the shares and not paying taxes.

The consortium also administered the properties contrary to the contract: they sold the offshoot factories in the neighborhood of Krnjača and the town of Čačak and even pawned the company's brand for a credit of €1.1 million without consulting the administrative board.

[13] In October 2012, the Privatization Agency of Serbia announced that it had won the case against the former owners, meaning they would have to pay €17 million in the name of compensation.

The new investor claimed that he was not interested in just taking the highly valuable land on an excellent location, but that he wanted to revitalize the beer production.

However, in early 2019 the city announced a new urban regulatory plan for the area where the brewery is, envisioning the conversion of the land from "economic" to "commercial".

In 2009, a partial supporting wall was built to prevent the soil from moving while the unbuilt part of the complex became covered in overgrowth.

In November 2019 the city published the detailed regulatory plan for the area, the work of urbanists Radmila Grubišić and Milica Andrejić.

It anticipates the complete demolition of the entire complex and construction of the commercial neighborhood with hotels, business offices and malls.

[5] One of the pre-war inheritors, the Veljković family, threatened to sue the state because the factory was not returned to them in the process of restitution.

Offered assets include the factory complex at Mostar (26,700 square metres (287,000 sq ft)), a juice factory, the brewery in Čačak, commercial offices in Obrenovac, Kosovska Mitrovica and Alibunar, a retail store in Kragujevac, and an apartment in Budva, Montenegro.

The new owners announced that the brewery complex at Mostar will be turned into the "most modern business park in Europe", while the rest of the company "will be further developed".

Members of the Veljković family continued to claim that the restitution process was not finished and that company was sold illegally.

Investment expert Mahmut Bušatlija said that the sale was probably done for the sake of building the shopping mall on the brewery location.