Czech Post has initiated a competitive tender for the main post office building located at the corner of Politických vězňů and Jindřišská in Prague. The starting price for this iconic building is set at 1.538 billion Czech korunas, excluding VAT. Prior to the tender, an offer was extended to state institutions at an estimated cost of 1.325 billion CZK, but it went unused, leading to the public tender. The Czech Post published the proposal on its official website.

The competitive tender will employ the sealed envelope method, with the City of Prague having the right to match the highest bid. Notably, the main post office branch on Jindřišská Street will be preserved, and the new owner will be obligated to enter into a lease agreement with the post office.

The historic building, constructed between 1871 and 1890, has undergone significant renovations, with the valuation for the starting price based on these improvements. The property underwent complete reconstruction from 1996 to 1999.

In addition to the main post office building, Czech Post is also selling a house on Moravská Street for 62.39 million korunas. The City of Prague has previously expressed interest in both properties.

Czech Post has been actively selling surplus assets this year, generating over 200 million korunas thus far. The company plans to offer dozens of additional surplus properties by the end of the year, including post office buildings, administrative structures, land, and apartments. These sales are part of Czech Post’s efforts to stabilize its financial position. Last year, the company reported a loss of 1.7 billion CZK, with a similar decline expected this year.

The iconic Prague main post office building is an important part of the city’s heritage, and its sale has drawn attention from potential buyers, the City of Prague, and other stakeholders interested in its preservation and future use.

Article by Prague Forum