Radovanovic Stojanovic & Partners has advised the Soravia Group on its sale of the Radisson Collection Hotel Old Mill Belgrade – through a share deal for all shares in Prigan DOO – to the Delta Real Estate Group.
The hotel, occupying a 19th-century former mill with a modern extension, features 236 rooms, a restaurant, a bar, a spa, and a business center with six meeting rooms.
According to the firm, the "Soravia Group is a growth-oriented and owner-managed family business. Its core business is based on real estate development and concentrates on urban developments, privately financed residences, office and commercial real estate, hotels, subsidized residential developments, and the revitalization of listed properties. With a realized project volume of over EUR 7 billion, the Soravia Group is one of the leading real estate project developers in Austria and Germany, employing more than 4,210 people."
Delta Real Estate is a regional real estate project developer. It has developed real estate projects with an aggregate volume of more than 600,000 square meters in the last 20 years.
Back in 2021, Radovanovic Stojanovic & Partners also advised the Soravia Group on its sale of the New Mill office building in Belgrade (as reported by CEE Legal Matters on November 30, 2021).
The RSP team was led by Partner Sasa Stojanovic and included Attorneys at Law Djordje Vicic and Zivko Kovacevic.
Radovanovic Stojanovic & Partners was unable to disclose further information on the deal.