Universal Properties Projects BV
Ownership as documented
Parent/beneficial owners not publicly documented in the sources read.
Official owner (Citizens.al) - DISPUTED
Evidence: Citizens.al 2026-06-08 names UPP BV as official owner of ZSAD; BIRN 2026-05-29 names Redi Struga via Smart Construction Invest instead.
SRED reportedly acquired UPP BV (6 May)
Evidence: Exit.al reports SRED acquired the Dutch shell UPP BV, parent of ZSAD, on 6 May. Citizens.al names Sazan Development Holding as the buyer of UPP shares (306k euro). Conflicting buyer; not reconciled.
UPP shares (306k euro) transferred to Sazan Development Holding (May 2026)
Evidence: Citizens.al (2026-06-08): 'the shares of Universal Properties Projects BV, the official owner of ZSAD, were transferred to Sazan Development Holding'. Transfer cost 306k euro. Registry extract not checked. Existing entry fin-zvernec-share-transfer-306k.
Description
Named by Citizens.al (2026-06-08) as the official owner of Zvernec South Adriatic Development, transferring its shares (306,000 euro, May 2026) to Sazan Development Holding. Follow the Money (2026-06-21) states this company transferred a significant part of its interests in the resort project to the Qatari Al-Khayyat Group (Citizens.al revealed the transfer; FTM relays documents).
Contracts and money
Figures recorded for the cases linked to this organisation. A figure here is not necessarily paid to or by this organisation; check payer and payee.
Zvernec South Adriatic Development capital increase
€250,000
otherSource label: Under investigationStated definition: Capital raised from 50,000 to 250,000 euro two days before the 7 May 2026 agreement, per Citizens.al. Capital increase, not a contract price.
Date: May 2026 · Payer: Shareholders (not named in fetched text) · Payee: Zvernec South Adriatic Development sh.p.k
- Documents that reveal who is taking control of Zvereni and Sazan (opens in a new tab)Citizens.al · 8 Jun 2026 · journalism · EN
Albania Land Development transferred to Sazan Operations Holding
€10,000
Incomplete figurepaymentSource label: Under investigationStated definition: 10,000 euro per Citizens.al (2026-06-08). A separate search summary reports a land sale of 5.5 million euro (Artur Shehu to ALD, 21 Nov 2025) with value rising to 122 million under prosecutor review; that source was not opened and is UNVERIFIED. INCOMPLETE.
Date: Nov 2025 · Payer: Sazan Operations Holding (Doha) · Payee: Albania Land Development sh.p.k (shareholder transfer)
- Documents that reveal who is taking control of Zvereni and Sazan (opens in a new tab)Citizens.al · 8 Jun 2026 · journalism · EN
Kushner and associates investment, narrative figure
€1,000,000,000
Incomplete figureotherSource label: Under investigationStated definition: 'One billion euros for the island' per Follow the Money narrative (Citizens.al 2026-06-21). Not verified against any company filing; separately Balkan press cites about 1.4 billion dollars or 1.5 billion dollars for the total project. INCOMPLETE and conflicting.
Date: Jun 2026 · Payer: Kushner and associates (as narrated) · Payee: Sazan project (undetermined)
- Corruption investigation into Trump's son-in-law's Albanian resort leads to Holland (opens in a new tab)Citizens.al (Follow the Money) · 21 Jun 2026 · journalism · EN
Al-Khayyat Group access to construction contracts (NYT, as cited)
€12,000,000,000
Incomplete figurecontractSource label: Under investigationStated definition: 'About twelve billion euros' per New York Times as cited by Follow the Money (Citizens.al 2026-06-21). Attribution is second-hand. INCOMPLETE: no breakdown by contract or project.
Date: Jun 2026 · Payer: Government / public contracting authorities (as implied) · Payee: Al-Khayyat Group
- Corruption investigation into Trump's son-in-law's Albanian resort leads to Holland (opens in a new tab)Citizens.al (Follow the Money) · 21 Jun 2026 · journalism · EN
Payment to personal holding of Zoya Gyurova
€400,000
paymentSource label: Under investigationStated definition: EUR 400,000 'poured into a personal holding company' per Follow the Money, from her annual financial report. Source of the funds not stated in the summary read.
Date: Jun 2026 · Payer: Dutch / Strik-linked structure (per FTM, not precisely stated) · Payee: Personal holding company of Zoya Gyurova
- Corruption investigation into Trump's son-in-law's Albanian resort leads to Holland (opens in a new tab)Citizens.al (Follow the Money) · 21 Jun 2026 · journalism · EN
Officials and people linked
No person is linked to this organisation in the research.
Investigations and cases
Sorted by reported money, then by linked people and their legal status. The money figure is the largest single reported figure, not a total.
From Mar 2024
Zvernec / Sazan resort: corporate chain, land and SPAK probe
A luxury resort project on Sazan Island and at Zvernec (Vlore), linked in reporting to Jared Kushner's Affinity Partners and to the Qatari Al-Khayyat brothers. Reporting by Citizens.al, Reporter.al…
Status: Open. SPAK investigation ongoing per reporting to 21 June 2026. No charges against Kushner or Affinity found.
Sources for this record
Every source the research cites for this record, grouped by its source label. 4 sources.
Source label: Under investigationUnder investigation · 3 sources
- Publisher
- Citizens.al
- Date
- 8 Jun 2026
- Publisher
- Citizens.al (Follow the Money)
- Date
- 21 Jun 2026
- Publisher
- Exit.al
- Date
- 10 Jun 2026
Source label: DisputedDisputed · 1 source
- Publisher
- Reporter.al (BIRN)
- Date
- 29 May 2026
Other connections
Share transfer 306k euro (May 2026)
Evidence: Citizens.al 2026-06-08: UPP BV shares (306,000 euro) transferred to Sazan Development Holding. FTM 2026-06-21 relays the transfer to the Al-Khayyat Group.