Hotel Jugoslavija Put Up for Sale at EUR 27.1 Million

The Bankruptcy Supervision Agency has advertised the sale of the company Danube Riverside as a legal entity. Among the most important property of this company is Hotel Jugoslavija at the Zemun Wharf.

Hotel Jugoslavija is being sold as a business space and a single unit, with a basement, ground floor, mezzanine, and eight upper floors, and over 45,000 m2 of building land is also up for sale. Also, as part of the property, artworks protected by the state – chandeliers, a bust and a sculpture, a work by Aleksandar Zarin, are up for sale.

The value of the property has been estimated at RSD 6.53 billion (EUR 54.2 million), and the initial price is RSD 3.18 billion (EUR 27.1 million).

On the land, as said, a joint property of Danube Riverside in bankruptcy and MV Investment from Belgrade has been established.

– Legal delineation in the sense of determining the co-ownership shares on the land has not been done, nor has physical division of the land – the note says.

The text of the ad also notes that a dispute with the company Luka Beograd (Port of Belgrade) is ongoing.

The public bidding will be held on March 22.

I. Z.

Agencija za licenciranje stečajnih upravnika Beograd

Danube Riverside doo Beograd

MV investment doo Beograd

Luka Beograd a.d. Beograd

Hotel Jugoslavija Beograd

Bankruptcy Supervision Agency

Danube Riverside

MV Investment Belgrade

Luka Beograd

Port of Belgrade

Hotel Jugoslavija

Aleksandar Zarin

sale of Hotel Jugoslavija