Still no bidders for Banja Ovca project – Another attempt to sell land fails

Investors have once again failed to show interest in buying a parcel in Ovca for the construction of a spa. No bids have been submitted to the Belgrade Land Development Public Agency for the repeated add for the disposal of land with an area of 2.7 ha for the purpose of realizing the Banja Ovca complex, Novosti writes.

The total gross building area of planned facilities, amounting to nearly 54,000 m2, around 30,000 m2 more than in the previous add, didn't help either and neither did the price of RSD 71.8 million, around RSD 20 million less than in the first attempt at a sale.

The Agency says that what follows is the preparation of the record of the failed tender, after which it remains to be seen whether the call will be repeated. They point out that they will do everything in their power to make the offer as attractive as possible and finally find a buyer, Novosti reports.

As eKapija wrote earlier, experts are not sure that investments of this kind are cost-effective at the moment, and the reason there's little interest in the Ovca location might be the fact that that it is full of illegal facilities, which need to be demolished, along with the moving out of the Roma families living there.

Furthermore, if an investor were to buy the building land in Ovca under the conditions of the latest public call, it wouldn't acquire the right to exploit mineral waters and would need to request it in a separate procedure.