Podgorica – Even though the sale of the island Sveti Marko near Tivat is in jurisdiction of the Serbian Government as the owner, the future buyer will have to obey the conditions that Montenegrin side is issuing – said yesterday for “Vijesti” minister of tourism and protection of environment Predrag Nenezic.
Cyprus company Akciona Investment Ltd. Has offered 28, 3 millions of euros for purchase of 85% of shares of Belgrade “Putnik”, in whose ownership is the attractive island near Tivat which covers the surface of 300.000 square meters.
There are no information on the internet about the Cyprus company nor had the Serbian media being dealing with that.
Nenezic explains that the buyer of the island, no matter the fact that he is entering in the business arrangement with Serbia, he will have to obey the present conditions when we are talking about the further development.
Those are, as he said, the conditions which predict that the island can not be a private residence, so the future buyer has to build a hotel complex.
The buyer, as Nenezic said, will have to ask for all the permits in Montenegro, because, in the end he will be doing his business here, employ people here, and pay tax here.
He thinks that the sale of the island as a part of the property is a better model than the sale of the entire company, but that Montenegro in any case will use all political and legal mechanisms to put the island in the tourist function.
Serbia has already tried twice to sell on the auction the island Sveti Marko apart from other property of Putnik, but that did not happen because of the court blockage in Montenegro. Putnik in 2003 on an open competition was sold to the company Uniworld which is the ownership of Srba Ilic for 5, 2 millions of dollars, with the obligation of investment of 44, 5 millions of euros. There almost weren’t any investments and two years later the contract was nullified. Ilic is in a judicial process with Serbia in the international arbitrary court in Paris, because of which the sale of the island is blocked.
Now they have decided in Serbia not to sell a part of property of Putnik but to sell the stocks of the company, which, beside the island, in its property has hotels on Kopaonik and Novi Beograd, a motel in Raska, restaurant in Vrnjacka Banja, and offices all over Serbia as well as some other things.
From the municipality Tivat and the representative offices of Putnik for Montenegro several times they told that there is a great interest for the purchase of the island, for which the initial price was less then 17 millions of euros.
Unknown Cyprus company is now offering 28, 3 millions for the island and for several other tourist facilities which Putnik owns in Serbia.
The price which the Cyprus Company has offered definitely is not suitable to the fluctuations on the market of real estates in Montenegro, especially if it is familiar that the Russians have paid tens of millions of euros for a smaller land, and for even less attractive locations.