Budva – Controversial Belgrade businessman, PhD Nenad Djordjevic, has given up the construction of the luxurious hotel complex and marina on the island Sveti Nikola (St. Nicolas) near Budva, and has decided to sell 7 ha of his private property with all the unfinished edifices.
Djordjevic exclusively for “Vijesti” has confirmed that he is selling his property on the Island, but that for now he will still keep in his property hotel “Admiral” in Budva.
– I still do not know which will be the starting price. I will see whether I will be selling the property through auction, because there are several options. For now there is a great interest from the buyers from Russia, England, and Germany – said Djordjevic. In Budva it is already being speculated that he will not sell his property for less than 30 millions of euros.
In 1997 Djordjevic has bought great real estate on the biggest island of this art of the Adriatic, whose surface us about 45 ha. His property in Montenegro, he increased after buying of the building of the Yugoslav river shipping, close to Budva’s Old town, and with the construction of the hotel “Admiral club” which for a long time was the only 5 star hotel in the Montenegrin coast.
After almost a decade, despite the constant demands, Djordjevic did not get the construction permission for the building of all the contents that he has planned to build on the island, better known as Hawaii.
Djordjevic’s investments were often the subject of media speculation, and often he came in the open conflict with the local and state authorities. His constructive projects on Hawaii were a constant target of critiques of NGO sector, and brisk protests of the citizens. As much as the authorities did not have the understanding for hs visions, that is much how Djordjevic often as a sign of protest, and out of spite, approached to the most radical methods – from closing down the island for the visitors and swimmer the decision which has been in effect for already two years, to the unloading several tens of cubic meters of stone in front of his hotel “Admiral club” in the center of Budva, as a sign of protest against the local authorities which has ruined his fence beside the hotel building.
Answering the question what is the reason for his decision to sell the island and whether he was forced to do that, Djordjevic said that he made such a decision, because after 6 years he hasn’t got the construction permit.
– I couldn’t stand it anymore for the space on the island to remain unused. I have invested a lot of money in the island, and that money has been trapped for all these years. I believe that the person that will buy this island will be able to invest in it and receive the permit for that – said shortly for “Vijesti” Djordjevic.
Even though for a long time there were speculations that Djordjevic is withdrawing his capital funds from Montenegro, which is estimated to be tens millions of euros, no one was able to confirm that with certainty.
Exactly one year ago in an interview given to “Vijesti” Djordjevic announced that he is planning to start a construction of a luxurious hotel – suite lodgment and marina, whose preliminary estimate was about 50 millions of euros.
His ides was development of the elite and no mass tourism, because according to his estimation, beside Sveti Stefan in Montenegro there is not one single exclusive location where the rich clientele could come.
In order for him to realize that type of investment project, he planned to find a foreign partner, because he intended to build the accommodation capacity of about 250 rooms and marinas in which there would be place for some 80 to 100 boats.
Those investments are still waiting for the passing of a spacious plan of a special intention for the sea welfare, as well as the passing of a spacious and general plan of the Municipality of Budva.
In the official information of the Ministry of maritime and traffic and PE See welfare, which was announced last year, it is indicated that the enterprise “Admiral” from Budva has illegally started large works, which has completely changed the appearance of the island. The construction of two hotels, and a marina was started, and the construction of 750 piers, shore and about 850 m of the beach were finished. That there were illegally done construction works testify several big interventions of the Republic construction inspection which in January 2000, prohibited Djordjevic any further works and submitted a violation denunciation. Despite that, at the end of the same year on the island the works of the construction of the marina, and covering of the beaches were continued, which were prohibited by the Republic Waterpower engineering inspection and the inspection of the Harbor captaincy. The works were then transferred at the end of the year 2001 in the hinterland of the beach where the construction of several edifices was started. Inspection took and ended the administrative procedure because of the construction of the building on the north east side of the island, of base surface of 600 m2, and also a legal action was brought because of the building on the north side of the island whose base surface is 72 m2. The dispute between the inspection and Djordjevic culminates in the middle of June 200, when with the explosive a part of the illegally built edifices beside the marina are ruined early in the dawn.
Djordjevic then said that he is the only men in Montenegro “who without war and weapon managed to increase its territory for 2 more ha by covering the beaches, so at least because of that fact they should be thankful to him”.
The conflict with the inspection goes into the year 2003, on the local level when Budva inspector are ruining the wall around the hotel “Admiral” for which the Major court in Kotor said that it was built on the property of the ownership of the Belgrade industry of beer. As a sign f protest, Djordjevic unloaded two tug – trucks of stone rocks and enclosed the biggest promenade path in the lodgment Velji Vinogradi (Big Vineyards).
HE SOLD YRS A YEAR AGO
Djordjevic began to withdraw his capital funds from Montenegro more than a year ago when he sold the building of the Yugoslav River shipping which initially he intended to adapt into tourist purposes. The ruined building of YRS was ought by the owner of Podgorica company “Vektra”, Dragan Brkovic, paying the building and the land tri millions of euros.
– I have sold YRS in Budva simply because the detailed urbanistic plans were not finished. Waiting for that to be solved, my capital of over million of euros is trapped and I have considered that it is for the best that I should sell that and invest money in something much better and something of more quality – said at that time Djordjevic for “Vijesti”.