Sitemap

Delta Holding Submitted An Offer For The Purchase Of Sava Center

CorD Recommends

Hisense Pours £45 Million into New Factory in Valjevo

Chinese corporation Hisense has announced an investment...

The Annual International Networking Cocktal Held in Belgrade

Continuing the tradition of gathering representatives from...

Austrian Firm Palfinger to Construct a Factory in Niš, Hiring 375 By 2027

Austrian engineering giant, Palfinger, has kickstarted the...

Marko Čadež Elected for the Fifth Time as a Board Member of Eurochamber

Presidents of the Chambers of Commerce from...

Europe Summit Explores Investment Prospects in Western Balkans and Broader European Challenges

In the picturesque city of Salzburg, the 19th Europe Summit, organised by the Institute of European Regions (IRE, Austria),...

Eighth Italian-Serbian Film Festival Celebrates Cinematic Bonds

The eighth Italian-Serbian Film Festival has been ceremoniously inaugurated with the premiere of the Italian-American feature "Tell It Like...

Singapore Overtakes Hong Kong as World’s Freest Economy After 53 Years

Singapore has dethroned Hong Kong to become the world’s freest economy, according to a report by the Canadian Fraser...

Humanitarian Football Tournament ‘Diplomats for Children’ Kicks Off in Serbia

The humanitarian football tournament "Diplomats for Children," featuring 16 teams from diplomatic representations in Serbia and Serbian state institutions,...

Archaeologists Discover Largest Ancient Cemetery in Gaza

Archaeologists have unearthed the largest ancient cemetery ever discovered in Gaza, revealing a site steeped in history dating back...

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.”

If it gets the opportunity to do so, Delta plans to renovate the largest congress center in our country completely. The investment envisages the replacement of the glass facade, new electrical installations, as well as cooling and heating plants, and the introduction of entirely new multimedia installations.

As a potential investor, Delta is committed to preserving the architecture of the facility and its external appearance, as well as to maintaining the existing purpose of the Center.

“We plan to maintain the appearance and purpose during the reconstruction, yet to create a new interior of Sava Center, which will include modern digital communications, restaurants and cafes, rent-a-car agencies and tourist guides services, as well as everything that a guest wpould expect to get in one modern convention center. It is the main condition for Belgrade to, once again, become the number one destination for business and cultural events in the region, with the possibility of gatherings for up to 5,000 people and all the benefits that such events bring to Belgrade, its economy and residents” said Zivorad Vasic.

Related Articles

Ljubomir Babić, CEO Fun&Fit Company, Delta Holding

Inspiring People To Make Fun&Fit Decissions

Fun&Fit is a leader in the breakfast cereal category that plays a key role in establishing trends that support active lifestyles. The company’s respect...

Delta Real Estate Group Takes Over Radisson Collection Hotel In Belgrade

Delta Real Estate strengthens its hotel portfolio by taking over the Radisson Collection - Old Mill Hotel in Belgrade. It continues to realise its...

Tijana Koprivica, Chief Sustainability Officer, Delta Holding

ESG From Voluntary To Mandatory

From the very start, Delta Holding's business has involved taking care of the environment, providing support to the local community, and reducing harmful impacts...

Jadran

The Sava Centre Is Restoring Its Former Glow

Jadran is one of our oldest construction companies. Over the course of 70 years, it has grown step by step from a contractor for...

Angelina Nekić, CEO Of Delta Real Estate And Vice President Of Delta Holding

Success Comes With Knowledge And Experience

The number of women in management positions at Delta Holding is impressive, although professionals here were never divided according to gender, but only according...

Tijana Koprivica, Director Of Sustainable Business, Delta Holding

Agriculture Is Our Great Development Opportunity

After the successful outcome of the Our Village project, which launches agricultural development and village renewal, Delta Holding recently began a new venture: The...

Mirjana Dončić Beaton, Managing Director Of The Canadian-Serbian Business Association

Responsible To Society, People, And Planet

The Canadian-Serbian Business Association (CANSEE) has operated in a socially responsible manner from the start and strongly supports Canada’s new Responsible Business Conduct Abroad...

Delta Real Estate

New Splendour For The Sava Center!

The Sava Center, the most important congress centre in the region, is today a major construction site occupied by hundreds of engaged workers and...