Page 17 - bne IntelliNews monthly magazine May 2024

bne May 2024 Companies & Markets I 17
The General Staff building in Belgrade was bombed by Nato in 1999, and is now derelict. / bne IntelliNews
“In less than 24 hours, 10,000 of you signed a petition demanding that the law be respected, which mandates that the building of the General Staff can only be returned to its original function, in which the Museum of Serbian History can be stored, which to this day does not have adequate space for a permanent exhibition,” the movement said in a Facebook post.
“The construction of a hotel on the site of this building is illegal and represents the destruction of dignity.”
A day later, the number of signatures stood at 22,677.
Kushner’s interest in the Serbian capital was initially revealed when opposition politician Aleksandar Jovanovic, of the Ecological Uprising movement, told a press conference on March 13 that Minister of Construction, Transport and Infra- structure Goran Vedic had signed a memorandum of under- standing (MoU) on behalf of the government gifting a building in Belgrade that was bombed in 1999 to two offshore compa- nies, Kushner Realty and Atlantic incubation Partners LLC.
“The cultural and historical complex of the bombed General Staff of the Army in the municipality of Savski venac must not be given away or substantially altered,” Ecological Uprising said in a Facebook post.
Kushner, through his firm Affinity Partners, later unveiled initial design concepts for the project in downtown Belgrade. Affinity Partners also confirmed plans to integrate a museum and
memorial into the development, designed by Serbian architects, to commemorate the site's significance in Serbian history.
As well as the project in Serbia, Affinity Partners is in discussions on property investments in Albania, the combined value potentially surpassing $1bn, the former White House senior advisor confirmed earlier in March.
In Albania, Kushner aims to convert Sazan Island, previously a military base, into a luxury Aman branded eco-resort, he told Bloomberg.
“The construction of a hotel on the site of this building is illegal and represents the destruction of dignity”
There is a history in Belgrade of protests against the demolition of significant buildings to make way for new developments. Back in 2016, there was a wave of protests in the Serbian capital against the Belgrade Waterfront development after parts of the historic Savamala district were demolished. Thousands of people joined the protests organised by the Don't Drown Belgrade initiative, set up in response to the demolition. The symbol of the protests was a yellow duck.
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