Delta's NBGP Properties has officially assumed management control of Belgrade's Continental hotel. The hotel is part of the property formerly belonging to the company International CG (Genex) in New Belgrade's Block 20, which NBGP acquired at a public auction on March 31st this year for nearly €149 million.
Colliers International Serbia produced the feasibility study for the investment and are exclusive agents for Delta on projects like Delta City shopping mall in Belgrade.
NBGP Properties has hitherto complied in full and within the stipulated dead-line with all obligations provided in the contract and paid €148,800,999, the amount offered at the auction. The property portfolio in Block 20 consists of the Continental hotel, CG apartments, Mala kula ("small tower"), tennis hall and a power plant - the whole area totalling 72,225 m