space as a gallery, or the city will take over the gallery space as a collectible for the debts that "Progres" has to the city. City also pushed for the gallery to be declared a cultural monument, which was confirmed by the government in August 2019. The bronze statue of Mercury on rotating pedestal, monumental staircase and other features will have to be preserved. City claims that the intention is to open a gambling house or kafana instead and asked for the government to cease the sale. "Progres" reduced the price to €5.3 million, but gave up on selling in May 2020. Today Knez Mihailova is a common meeting point for Belgraders. The street has been named one of the most beautiful pedestrian zones in South East Europe and is a constant buzz of people and tourists. Thousands of people stroll along the street every day as it is the shortest path from Terazije to Kalemegdan park and fortress. The street is home to Serbian Academy of Sciences and Arts (SANU), Instituto Cervantes, Goethe-Institut, Institut français de Serbie, as well as many other leading shops and several cafes. In December 2006, BusinessWeek magazine included the street as one of Europe's notable Christmas shopping sites. One can find international clothing brands such as Mango, Zara and Zara men, Gap, Nike men and women, Replay, Diesel, Terranova, Sephora, New Look, Swarovski, Cesare Paciotti, Tally Weijl, Miss Sixty, Bata, Bally, Aldo, Adidas, Vapiano, Monsoon Accessorize and many more shops. Furthermore, the representative offices of various airlines such as Aeroflot, flydubai, Emirates, Qantas, Turkish Airlines, Qatar Airways, Ethiopian Airlines, Singapore Airlines and Air France are located in Knez Mihailova. In terms of real estate value, the property in and around Knez Mihailova Street is among the most expensive in Belgrade. The latest confirmation of this occurred in late November 2007 when the 485m2 parcel belonging to state owned company Jugoexport was sold for €15 million, which works out to some €32,000 per square meter (~ $35,741 as of August 2016 rates). Rajićeva Shopping Mall Near the end of the street, between Knez Mihailova and Uzun Mirkova, a large complex of Rajićeva Shopping Mall was constructed. It was the location of the house of politician Toma Vučić Perišić. It was demolished in 1950 and the trolleybus roundabout was built, named Rajićeva, after the street. In 2000 an architectural design competition for this location was announced