Delta Holding is the new owner of Sava Center in Belgrade.
Delta Holding, which offered 17.5 million euro at the auction for the Sava Center’s property the sale of which was initiated by the Belgrade city administration, is the new owner of this biggest conference center in the region, Tanjug news agency quoted Belgrade Deputy Mayor Goran Vesić as saying.
Delta Holding announced on Friday that it had made a bid of 17.5 million euro at the auction for the sale of the Sava Center and pledged to invest at least 50 million euro, although consultants estimate the necessary investment in the renovation will exceed 60 million euro.
Last month, the Belgrade city government launched a new auction for the sale of the Sava Center at a minimum price of 17.5m euro, after several previous attempts to sell the property failed due to a lack of investor interest.
Zorana Burlic, CEO of Delta Real Estate, said after the signing of the agreement that Delta was the most adequate and logical buyer of this congress center.
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“I believe that the price is high. The mandatory investment will not be 50, but 60 million euro. We were the only bidder, and very few companies, not just in the country, but in the region as well, can handle this kind of investment now and be absolutely sure that it will be a successful project and that Sava Center and Belgrade will become one of the most important congress centers in the region,” Burlic added.
The largest congress, cultural and business center in our country and one of the largest in the region, Sava Center was built in 1977. For decades, it has served as the venue for the largest international conferences.
The center was also a concert venue for many great artists, such as Luciano Pavarotti, Placido Domingo, Montserrat Caballe, Miles Davis, Henryk Szerying, B.B. King, Zubin Mehta, Vladimir Ashkenazi, the Johann Strauss Orchestra, Moscow the Philharmonic Orchestra and Okazu Philharmonic Orchestra.
Bobby Fischer played a chess match with Boris Spassky in 1992 here, in the midst of sanctions against Serbia and Montenegro.
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