New tender for sale of Sava Center – Initial price lowered to EUR 21.9 million

The City of Belgrade has published a new ad for the sale of Sava center, to be carried out through written bid collection at the initial price lowered to EUR 21,9 million. The conditions of the sale remain the same as in previous attempts.

As stated, the buyer is obliged to carry out construction and finishing works on the adaptation and reconstruction of the said building, the total value of which cannot be lower than EUR 50 million within five years from the day they paid out the entire amount of the sales and purchase price.

All legal and natural persons who submit two offers and make a deposit of EUR 2.1 million by 10 am on September 25 are eligible to participate in the public tendering procedure.

The public opening of bids will take place on the same day at 1 pm on the 20th floor of the of the City Administration's office building.

As previously stated for eKapija, even though it hadn't participated in the last tender, Delta Holding still wants Sava Center.

They are still interested in buying the largest congress center in Serbia bu only under the economically acceptable conditions, Delta told eKapija.

– The City of Belgrade has set the price of EUR 27 million on the tender with the buyer being obligated to invest around EUR 50 million. The foreign experts we hired determined that the investment would not be cost-effective. We would not be able to make a return on a EUR 80 million investment within a reasonable time from the expected revenue. Going into such a project would not be sustainable and at the same time irresponsible to those Delta's involved with – our employees, banks, the social community who regards Sava Center as more than just a building, the senior vice president of Delta Holding, Zivorad Vasic said.

Grad Beograd

Delta Holding d.o.o. Beograd

City of Belgrade

Delta holding

Sava CEnter

sale of Sava Center

congress center

Zivorad Vasic