The Serbian government has established a joint venture with a property development company owned by Donald Trump’s son-in-law, Jared Kushner, to develop a hotel complex in Belgrade, giving Serbia until next May to demolish the existing buildings, according to leaked documents.

An independent Serbian news magazine, Radar, published what appears to be a 2024 investment agreement giving Kushner’s firm Atlantic Incubation Partners LLC a 77.5% stake in the joint venture, and the Serbian government a 22.5% stake.

The joint company was formed to redevelop the site of the Serbian armed forces headquarters in Belgrade, which was bombed by Nato in 1999. The plan provoked protests in the city centre.