City, Country – [Date] – Czech Post has initiated the sale of a prominent building, located at the intersection of Jindřišská Street and Politických vězňů, by listing it on the public administration portal. State institutions are now given a 30-day window to express their interest, with the minimum estimated price set at 1.325 billion CZK. This announcement was made by Czech Post spokesperson Matyáš Vitík on Monday.

In the event of a lack of public sector interest, Czech Post will prepare an offer for sale to other entities, with the specific format of this offer to be disclosed in due course. The City of Prague has previously indicated its interest in acquiring the building.

The purchase agreement will be accompanied by a lease agreement, granting Czech Post the right to use the covered hall of the central post office, spaces on the second floor, and six parking spaces in the uncovered courtyard.

Prague City Hall granted approval for the city’s potential participation in Czech Post auctions for the sale of the central branch and other properties at the end of June. The city has expressed a preference for direct purchases of these properties and has also shown interest in another building located on Moravská Street in Prague 2.

This extensive Neo-Renaissance building, initially constructed between 1871 and 1874 and subsequently expanded, has a rich history. In 1998, it was officially designated as a cultural monument. The building has served as the backdrop for a wide range of services provided by Czech Post, with the company’s headquarters located in the side wing accessible from Politických vězňů Street. Of particular note are the 1780 postal compartments situated within the building, with some retaining their original appearance while others have been modernized. Czech Post has maintained a presence in this building since 1873.

Recently, Czech Post successfully sold three surplus properties in Prague’s Krč district via an electronic auction, generating a total of nearly 400 million CZK. These strategic sales are part of Czech Post’s broader cost-cutting initiatives, which include the closure of approximately 300 branches across the Czech Republic since July of this year. The company has also signaled its intention to divest assets as part of its efforts to address financial losses.

Each of the three properties was sold individually through Czech Post’s own auction platform. The building on Na Strži Street commanded the highest starting price, exceeding 310 million CZK.

With this latest announcement, Czech Post continues its proactive approach to optimize its property portfolio and financial performance, aligning with its broader strategic objectives.

Article by Prague Forum