Czech Post Reviews Offers for Historic Jindřišská Building in Prague

Czech Post has received several purchase proposals for its central Prague property at the corner of Jindřišská Street and Politických vězňů. The building, one of the postal service’s best-known assets, remains in state ownership as management continues to evaluate the bids.

According to the postal operator, the expected sale price is based on expert valuations, estimated at roughly CZK 1.4 billion. While some of the offers submitted have reportedly not met the company’s internal criteria, discussions are ongoing. Real estate advisory firm Knight Frank has been overseeing the process since last year.

Czech Post has described the property as no longer necessary for its operations and said any sale would be conducted transparently and at fair market value. Proceeds would be directed toward the company’s investment and modernisation plans. The supervisory board, which reports to the Ministry of the Interior, has been briefed on each stage of the tender.

General Director Miroslav Štěpán said the company would only proceed with the sale if the final price matched the appraised value and could be justified under its stewardship obligations. He added that there was no fixed deadline for completing the process and confirmed that Czech Post remains the current owner.

The post office reported a loss of about CZK 1.25 billion last year, an increase compared with the previous period. The company has been seeking to improve efficiency and offset costs by selling non-core properties across the country.

The Jindřišská building, a protected structure in the centre of Prague, has long been viewed as a valuable but under-used asset. Previous attempts to attract a buyer have proven difficult due to the building’s size, historical status, and maintenance demands.

The eventual sale of the property will depend on the approval of both management and the supervisory board. Until then, the landmark remains part of Czech Post’s portfolio, representing one of the most significant real estate assets still held by the state-owned enterprise.

Source: CTK