Delta Holding to take part in Sava Centar tender again – Planned investment EUR 25 million

Delta Holding will once again take part in the tender for a partner for reconstruction and management of the biggest congress center in Serbia, Sava Centar in Belgrade.

As Zivorad Vasic, vice president of Delta Holding, said at a press conference, the company is prepared to invest EUR 25 million in the reconstruction of this facility.

He added that a project had been prepared envisaging the connecting of Sava Centar and Hotel InterContinental Belgrade, to be built by Delta in proximity to the congress center, by a footbridge.

Let us remind that the City of Belgrade offered Sava Centar to investors once again in mid-December in order for a partner to be found for reconstruction and management. The city would invest the property exclusively in the capital of the joint venture, whereas the partner would be obliged to invest certain financial assets, in line with its offer.

The reconstruction of Sava Centar entails a full renovation of congress infrastructure, with a special focus on the possibility of construction of new features, whereas the management part requires professional management with experience in running congress centers of similar size.

Let us remind that two offers passed the first round of qualifications at the first public invitation – the offers of Delta Holding and the consortium of the Nikola Tesla Airport, Energoprojekt Holding and the Belgrade Fair. Neither of them, however, submitted a binding offer, although the deadline was extended several times.

According to the company's vice president, Dejan Jeremic, Delta Holding plans to invest EUR 600 million in the next three years, primarily in real estate and the agrarian sector.