By a decision of the Government of Serbia, more than 16 hectares of the most attractive land in Belgrade and 44 buildings belonging to the Belgrade Fair were transferred to a newly established company, with the clear aim of handing them over to the \u201cBelgrade Waterfront\u201d company. An investigation by Radar reveals that the official appraisal drastically reduced the value of this property, causing damage to the state budget amounting to as much as 60 million euros.<\/p>\n\n\n\n
A new step in handing over the attractive land along the Sava River was made quietly, through the establishment of the company Sava propertiz 2026, whose headquarters are registered in the Belgrade Cooperative building \u2013 a property that the state handed over to the \u201cBelgrade Waterfront\u201d company about a decade ago. The government transferred ownership of 41 plots and 44 buildings at the Fairgrounds site to this newly established company, which had previously been promised to an investor from the United Arab Emirates.<\/p>\n\n\n\n
What has caused the greatest public controversy in this case is the disputed valuation of the real estate and land carried out by the City Institute for Expert Assessment.<\/p>\n\n\n\n
According to an analysis by experts, the actual market value of the transferred property is 59 to 60 million euros higher than the appraised value. Interestingly, even if the value of this exclusive commercial space were calculated according to prices applicable to garages and auxiliary buildings, its market value would still be around 31 million euros higher than the amount accepted by state institutions.<\/p>\n\n\n\n
By placing a drastically lower estimated price on paper, the state is effectively creating the conditions for the entire property to be handed over to a private investor for next to nothing, with the direct financial damage being borne by the budget and all citizens of Serbia.<\/p>\n\n\n\n
The \u201cBelgrade Waterfront\u201d company has already announced what it plans to build on the site where the capital\u2019s symbol stood for decades. The area is slated to become a new luxury residential and commercial district, which will include:<\/p>\n\n\n\n
While the authorities present these projects as the modernization of the city, it is worth recalling that Serbian President Aleksandar Vu\u010di\u0107 announced back in August 2023 that the public spaces and facilities at the Fairgrounds would be redeveloped for new commercial purposes.<\/p>\n\n\n\n
Transparency representatives and legal experts warn that the speed and manner in which the property is being transferred indicate violations of procedures. Nemanja Nenadi\u0107 of Transparency Serbia points out that the fact that the government ignored laws it had itself adopted is a clear signal that the authorities are in a hurry to ensure that the newly established company makes decisions on disposing of the Fairgrounds\u2019 former property as quickly as possible.<\/p>\n\n\n\n
Analysts assess that the continuation of non-transparent agreements and the transfer of the city\u2019s most valuable resources to private investors is taking place at an accelerated pace ahead of the upcoming elections, in order for all the deals to be legally finalized before the public or relevant institutions have a chance to react.<\/p>\n\n\n\n
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LAST FLIGHT AFTER A 40-YEAR CAREER: Captain Vesi\u0107 landed from Chicago into retirement accompanied by water cannons! (VIDEO)<\/a><\/strong><\/p>\n\n\n\n DUE TO SEVERE INJURIES: A Serb beaten by the so-called Kosovo Police urgently being transferred for treatment to Belgrade!<\/a><\/strong><\/p>\n\n\n\n \u201cAFTER 12 YEARS, MAYBE IT\u2019S TIME FOR NEW PEOPLE\u201d: Terzi\u0107 confirmed Stankovi\u0107\u2019s resignation after Zvezda\u2019s debacle and announced extraordinary elections at the Marakana! (VIDEO)<\/a><\/strong><\/p>\n\n\n\n \u201cGREAT CHAMPION, EVEN GREATER MAN\u201d: Joki\u0107 went for a haircut in his hometown, then gave the barber a dream gift! (PHOTO)<\/a><\/strong><\/p>\n\n\n\n SERBIAN HERO ON VACATION IN GREECE: Brave programmer from Ni\u0161 jumped into the sea without hesitation, saved a woman and two children!<\/a><\/strong><\/p>\n\n\n\n Source<\/strong>: <\/a><\/strong>Radar <\/a>Foto: <\/strong>Dru\u0161tvene mre\u017ee\/ TANJUG <\/p>\n","protected":false},"excerpt":{"rendered":" By a decision of the Government of Serbia, more than 16 hectares of the most attractive land in Belgrade and 44 buildings belonging to the Belgrade Fair were transferred to a newly established company, with the clear aim of handing them over to the \u201cBelgrade Waterfront\u201d company. An investigation by Radar reveals that the official […]<\/p>\n","protected":false},"author":2169,"featured_media":216437,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"footnotes":""},"categories":[7],"tags":[6586,6585,2609,2212],"class_list":["post-216436","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-serbia","tag-belgrade-waterfront","tag-beograd-na-vodi","tag-sns","tag-vlada","entry"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t
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