Pejović traded a house worth millions

The company "Uniprom" of a businessman from Nikšić bought for four million euros one of the most attractive properties in Budva, which is located opposite the Old Town.

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Attractive real estate: House bought by Pejović, Photo: Vuk Lajović
Attractive real estate: House bought by Pejović, Photo: Vuk Lajović
Disclaimer: The translations are mostly done through AI translator and might not be 100% accurate.

Nikšić company "Uniprom hotels" of businessmen Veselin Pejović traded one of the most attractive properties in Budva, a one-story house opposite the Old Town, for which she paid around four million euros.

This is written in the real estate list, which "Vijesti" had access to.

Pejović's company concluded a sales contract with a family from Budva a year ago, but it was only officially registered on December 30, when a mortgage was also registered on the property.

"Mortgage in the total amount of EUR 3.950.000 with prohibition of alienation, encumbrance of the subject immovable property and execution after the maturity of the claim," says the real estate listing.

Pejović's company became the owner of a one-story house, which on the ground floor has an office space of 82 square meters and two garages of 43 and 21 square meters, living space of 123 square meters on the first floor, as well as a ground floor building of 71 square meters, a yard of 444 square meters and an orchard of 459 square meters in the very contact zone of the Old Town.

In that house for more than a decade there was one of the most famous restaurants in Budva - "Demižana".

With this business venture, Pejović practically announces the expansion of the hotel business in Budva. In the detailed urban plan "Budva centar" valid until now, a six-story tourist activity building was drawn on the site of the house. The Government of Montenegro put that planning document on hold until the development of a spatial and urban plan for the area of ​​the municipality of Budva.

Pejović is also the owner of the "Budva" hotel, which is located only a hundred meters from the newly purchased property, also on the promenade itself.

The businessman from Nikšić invested 20 million euros in the reconstruction and extension of this hotel and officially opened it eight years ago. "Uniprom" was also the owner of the hotel "Tara" in Vičići.

For years, Pejović has had problems with both the former and the current Government to issue him a use permit for the reconstructed "Budva".

As the former Ministry of Sustainable Development and Tourism did, so did the minister's portfolio Ratko Mitrović recently refused to issue a use permit, because Pejović's company did not submit the requested documents.

The hotel consists of three units. The central part of the building has P+4 floors (ground floor and four floors), the western annex has P+2 floors and the eastern annex has P+2 floors.

However, the reconstruction of the hotel is not finished, Pejović's company also completed the addition of the west wing a few years ago. It was the reconstruction of the western wing that was harshly criticized by the former municipal government, leaders from the ranks of the Democrats and Montenegrin, Dragan Krapović i Vladimir Bulatović, who invited the then Minister of Sustainable Development and Tourism Pavle Radulović to demolish the wildly built part of the hotel and thereby show that there is no selectivity in the construction inspection.

Pejović, otherwise the owner of Rudnik bauxite and Kombinat aluminum, found himself in the center of media attention on the eve of the New Year, after he announced the closure of KAP.

As of December 30, only 13 cells remained working at the Aluminum Plant, out of almost 150 that were working, and almost all the remaining workers had their employment contracts terminated. As announced, the workers will receive the 450 euros they were promised by "Uniprom" until June. The misunderstanding broke out because "Uniprom" asked EPCG to continue the supply contract at prices of 45 euros per megawatt hour in 2022, which EPCG refused by offering the lowest price of 120 euros. "Uniprom" did not like that, and the negotiations on government aid also failed. It was only agreed that KAP would reduce production to a minimum, in order to enter the category of other customers and thus receive a supply contract at the old price, while EPCG could export the difference of almost 500 gigawatt hours at higher prices.

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