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Home/News/Part of the Beogradjanka building for sale, starting price 20 million euros

Part of the Beogradjanka building for sale, starting price 20 million euros

The city of Belgrade offered a part of the Belgrade Palace for sale at a starting price of 20.6 million euros.
In total, more than 19 thousand square meters of business premises were offered in this building.
Belgrade will oblige the future buyer to perform construction and craft works on the adaptation and reconstruction of the facility within three years, in the value of which must not be lower than eight million euros.
The buyer is obliged to perform construction and craft works on the adaptation and reconstruction of the object within 3 years from the entry into possession, whose total value of all works cannot be lower than 8,000,000.00 euros in dinars according to the middle exchange rate of the NBS on the day calculation and to submit a report upon completion of the reconstruction, which will be defined by the contract.
The buyer will undertake not to change the purpose of the real estate in question, bearing in mind that the Palace “Belgrade” enjoys the status of prior protection (ev. List no. 6.116. From 16.04.2018) and that in the records of real estate under previous protection is from 14.04.2009.
When concluding the contract with the buyer, a penalty in the amount of 10 percent of the achieved purchase price will be agreed, in case the future buyer does not fulfill in full or partially the assumed obligations, as well as a first-class bank guarantee will be submitted as security for possible payment of the contractual penalty.
The right to participate in the public bidding procedure has all natural and legal persons, in accordance with the law, who submit complete applications by July 29, 2020.
Applications for the public tender for the purchase of these city real estates are submitted until July 29, and the public tender is scheduled for July 31.
When it was built in 1974, “Beogradjanka” was the tallest building not only in Belgrade, but in the whole of Yugoslavia at the time, but also in the entire Balkans. With a belvedere located on the 22nd floor with an unprecedented view of the capital, it daily accommodated thousands and thousands of visitors, it housed one of the first large and modern department stores, RTS reports.