Delta Holding close to buying Sava Center

Delta Holding today submitted an offer for the purchase of Sava Center at the public tender launched by the Belgrade authorities, the company announced.

The press release adds that, with this offer, Delta confirms its readiness to accept the price of EUR 17.5 million and mandatory investments of EUR 50 million, which are one of the terms of the public bidding. According to the estimate of the foreign consultants that Delta hired, the investment in the renovation of Sava Center will exceed EUR 60 million.

“The price set by the City of Belgrade in the tender is very high and we believe that there have been no bids, except for ours, throughout the whole sales process for that reason precisely,” says Zivorad Vasic, Senior Vice President of Delta Holding.

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“We also believe that very few companies can afford that kind of investment and that Delta is one of them: thanks to the great experience with similar projects, the company’s strength and the ability to make this investment profitable through the synergy of hotel and congress capacities,” he added.

Delta plans to fully renovate the biggest congress center in the country. The investment entails the replacement of the glass facade, new electrical installations, as well as a heating and cooling installations and putting in place new multimedia installations.

As a potential investor, Delta undertakes to maintain the facility’s architectural features and its exterior, as well as to keep its present purpose.

“We are ready to maintain its exterior and its purpose and to create a new Sava Center on the inside through renovation. The Center will have the latest digital communications, restaurants and cafes, rent-a-car agencies and tourist guide services, that is, everything that a guest can expect to get in a modern congress center. This is needed so Belgrade can once again become the most important destination for business and cultural events in the region,” Vasic concluded.

(Nova, 08.11.2020)



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