Delta Holding submitted an offer for the purchase of Sava Center

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Delta Holding submitted an offer for the purchase of Sava Center

06. november 2020.

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

With the offer, Delta confirmed its readiness to accept the price of 17.5 million euros and the obligatory investments of 50 million euros, which were set as a condition in the public tender. According to the estimates of foreign consultants hired by Delta, the investment for the renovation of Sava Center will be more than 60 million euros.

"The price that the City of Belgrade has foreseen with the tender is extremely high and we believe that this is the reason why no other investors has shown interest during the entire sale procedure, with the exception of our company", says Zivorad Vasic, senior vice president of Delta Holding. "We believe that a small number of companies can withstand such a high level of investment and that Delta is among them: because of the great experience in similar projects, because of the company's strength and because of the possibility to make this investment profitable by the synergy of the hotel and congress capacities."