Czech Republic Komerční banka sales iconic Wenceslas Square office building
Investment & financeschedule 03 July 2024
DLA Piper’s Prague office has advised Komerční banka on the sale of the building
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The City of Prague has purchased the historic building at Václavské náměstí 42 for more than CZK 3.3 bln (EUR 131 mln). Prague intends to move several hundred of its officials from various locations into the office building. The seller was Komerční banka.
DLA Piper’s Prague office has advised Komerční banka on the sale of the building.
The City of Prague was interested in the building due to its historical value and because the recent sensitive reconstruction of the building will allow the city to move in without major investment. Its strategic location in the city centre on three metro lines and the capacity of the office building also played an important role in the decision. Prague intends to move several hundred of its offici
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