BELGRADE- Former Yugoslav diplomatic and consular offices in New York, Bonn, Bern and Tokyo, worth USD 70-80 million, are to be put up for sale, with Serbia to receive around USD 35 million of the total.
The process of distributing the property of the former Yugoslavia was unblocked at a Skopje meeting two weeks ago, when an agreement was reached to sell the property, Belgrade’s Vecernje novosti daily reported.
Under a succession agreement, Serbia should get 39.5 percent of the resulting profits.
That way, Serbia will also be relieved of the large burden of maintaining and securing the buildings, says Veljko Odalovic, Serbia’s representative in a joint committee on property succession.
“A flat on New York’s Fifth Avenue, which has been locked and falling into a state of disrepair since 1992, cost us USD 14,000 a month, or a total of USD 2.7 million to date,” Odalovic told the paper.
A New York building that is the headquarters of Serbia’s mission to the UN and embassy buildings in Tokyo and Bern, currently also used by Serbia, will be put up for sale as well, as will an unused Bonn building that is maintained by Serbia, Odalovic said.
Seventy-two real estate properties have been distributed in the succession process to date, with 51 remaining, he said.