The company Belgrade Waterfront obtained a building permit and submitted a notice of works for a new four-star hotel in October — even though construction has already been underway for months, Nova Ekonomija reported today. According to Serbian law, a building permit must be issued before any construction begins.
The planned hotel, named BW 29, will have a total gross floor area of 18,361.45 square meters, according to the official permit approving the project.
The construction permit was issued on October 14, and the notice of commencement of works was filed on Wednesday, October 22. However, work at the site reportedly started back in May 2025.
The estimated construction cost stated in the permit is 3.1 billion dinars (around €26.5 million). The investor, Belgrade Waterfront, is obligated to pay approximately 639 million dinars (about €5.45 million) in land development fees.
Recently, the Government of Serbia adopted amendments to the Spatial Plan for the Belgrade Waterfront Special Purpose Area, expanding the project’s scope to cover 330 hectares across the Belgrade municipalities of Savski venac, Novi Beograd, and Čukarica.
This expansion means that the spatial plan now officially includes the area of the Belgrade Fair, Terazije Terrace Park, Čukarica Bay, the Topčider River corridor, as well as parts of the left bank of the Sava River in New Belgrade, Nova Ekonomija noted.
