City Selling Sava Centar at Initial Price of EUR 27.4 Million – Requirements for Future Owner Known as Well

After years of unsuccessful attempts to find a private partner, the City of Belgrade has decided to put Sava Centar up for sale.

As the deputy mayor of Belgrade, Goran Vesic, pointed out for Politika, the future buyer will have to pay a minimum of EUR 27.4 million, which is the initial price, but will also have to oblige to invest at least EUR 50 million in its reconstruction over a five-year period.

The future owner of Sava Centar will not be allowed to change its purpose, because this facility is in the process of being declared a cultural good, Blic reports.

The reason why the City of Belgrade has decided to put Sava Centar up for sale is simple – it has been incurring losses exclusively.

– In the past two years alone, the losses of Sava Centar exceed RSD 500 million – Vesic said.

Let us remind that, in the past years, there have been several tenders for a public-private partnership, all unsuccessful. Practically only Delta Holding would respond, a company which has always been open about its interest in Sava Centar and its intention to tie the center's operations with Crowne Plaza.

However, due to political and economic reasons, the city has been refusing to sign deals with Miroslav Miskovic.

It remains to be seen whether Sava Centar will live to see the fate of Beogradjanka, as there were no buyers interested in the part of this skyscraper that had been offered. Another option is for the congress center to finally get a new owner and a view to a better future.

Grad Beograd

Delta Holding d.o.o. Beograd

City of Belgrade

Delta holding

Goran Vesić

sale of Sava centar

public private partnership for Sava centar

Miroslav Mišković