Soravia insists will buy ex-MUP building

Austria’s Soravia Gruppe will not relinquish its efforts to buy the former Federal MUP building in downtown Belgrade.

Izvor: EM Online

Friday, 23.03.2007.

09:26

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Soravia insists will buy ex-MUP building

The Directorate has decided against selling the building to Soravia after the group announced it would not be able to pay the full price of EUR 35mn in a single installment.

According to Miroslav Tanchev, head of Soravia’s real estate sector, the company was prepared to pay the entire amount, but has requested investment guarantees from Serbia. Zarko Pavlović, representing the second-placed U.S.-Swiss Northamerican Surge, said the Directorate would invite his company to start negotiations in a matter of days.

“We will pay the entire sum of EUR 34.5mn in a single installment, with no strings attached,” he said.

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