Serbian businessman Miroslav Miskovic has definitely given up on his large investment in Sarajevo – the construction of a shopping center and residential complex in Stup.
The media reported that Miskovic sold his company Standard nekretnine, which owns the plot in Stup.
For years, Miskovic had been announcing the construction of a complex in Stup, which was supposed to be the only “Delta Planet shopping promenade” that, in its complex, was to include a shopping center and residential space.
He first announced the construction of the center in Sarajevo in 2019, during the opening of the Delta Planet shopping center in Banja Luka.
The project in Sarajevo was supposed to occupy a total area of 118.000 square meters and provide space for as many as 120 premises (business spaces) of world-famous brands.
It was also supposed to have more than 1.200 parking spaces. However, Miskovic planned for the entire complex to be built by the end of 2025, and it has not even begun.
According to some unofficial information, the Serbian tycoon had problems obtaining all the necessary permits and documents, and no longer had the patience to wait.
The new majority owner is the company DSS Properties Sarajevo, and the minority owner is Asmir Bandic. The owner of DSS Properties is Dragan Stanojlovic, who owns the large chain of sports equipment stores “Sport Vision,” as well as being co-owner of the company “City Mall,” which builds retail parks throughout Bosnia and Herzegovina (BiH).
Miskovic invested a huge amount of money
What is interesting is that in recent years, Miskovic invested huge amounts of money in the company Standard nekretnine.
It should be mentioned that this company had been “inactive” for many years, until last year when Miskovic started a process indicating he was preparing to carry out a large investment.
Last year, Miskovic first increased the capital by 10 million BAM, then carried out a voluntary buyout of shares, and finally, through the so-called “squeezing out” of small shareholders, acquired 100% ownership of this company.
At the end of August last year, Miskovic took full ownership of “Standard Nekretnine.” After that, he decided to withdraw the company from the stock exchange, that is, to change the form of organization from a joint-stock company to an LLC.
After that, about 7.7 million BAM appeared in the company’s current account in a Sarajevo bank, while a year earlier it had only 18.000 BAM in the account.
Money is not the problem; the problem is permits
At the beginning of this year, Miskovic said that his group plans total investments of 900 million euros this year across the entire region, but that there are problems in obtaining building permits in Serbia and in the region.
“Just this year, we plan investments worth 900 million euros. They are all new, and we have closed the financial structure for them,” said Miskovic.
However, he complained about problems in obtaining permits.
“We cannot get the permits; we are delayed with the construction of the Intercontinental in Belgrade. They promised they would issue the permits this week. It is not right that we have a problem with permits,” said Miskovic, not mentioning at that time investments in BiH specifically.
He added that there are also problems with the implementation of investments in the region, “because Delta cannot develop only in Serbia.”
