Komerční banka is selling its building at a prestigious address. Václavské náměstí 42. The information about the sale of the building, which the editorial office of newstream.cz had, was confirmed by the director of Knight Frank, Zdenka Klapalová. She did not want to comment on the price of the transaction.
The sale of the building has been on the table for a long time, the board of directors should have approved it already last year. “Yes, I can confirm the sale. The price will, of course, be decided by the proposal received,” Komerční banka spokeswoman Šárka Nevoralová added, adding that this step is related to a long-term strategy. The number of branches already started to decrease in connection with the covid pandemic.
Trinity Bank bought the banking palace at Na Příkopě 33
Money
This year’s largest transaction on the market of office buildings in the Czech Republic: the former headquarters of Komerční banka in Prague’s Příkopy is changing hands. Trinity Bank, founded by financier Radomír Lapčík, bought the building from a fund from the Commerzbank group. The bank will open the building to clients and the public.
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The building is located in a heritage zone and consists of three buildings, all of which are technologically and structurally connected. In total, it has an area of 49,600 square meters. The oldest was exhibited as a rental house according to the design of Josef Turba at the end of the 19th century.
The building towards Wenceslas Square was built for the Postal Check Office according to František Roith’s design. It is listed as a monument, including the interior. The youngest building in the inner block was created as part of a complete reconstruction in the 1990s.
Zdenka Klapalová: Investors focused on rental housing, it’s a global trend
Reality
A number of large transactions on the real estate market are now headed for rental housing, says Zdenka Klapalová, without exaggeration the first lady of the Czech real estate market. She is the president of the Association for the Development of the Real Estate Market and also the managing partner of the consulting company Knight Frank, which is behind a number of large deals in this business in the Czech Republic.
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In the past, Komerční banka already sold a listed building in Na Příkopě street in the neighborhood of Prašná brány. In 2017, the German investor HausInvest by Commerz Real bought it for about one and a half billion.
Trinity Bank became the new owner this year. The price of this transaction was not published either, but according to an informed source from the real estate market, it exceeded two billion crowns.
Zdenka Klapalová: Trophy real estate is like high-quality art, a safe store of value
Reality
A castle, menhirs or perhaps a tower. Can they be sold? Yes, but it has its specifics. These are very unique types of real estate that appear on the real estate market only minimally. After all, their price and buyers tend to be very specific, because they are not ordinary real estate that can be valued classically. In real estate jargon, they are called trophy properties. We asked Zdenka Klapalová, the head of Knight Frank and the president of the Association for the Development of the Real Estate Market (ARTN), about which buildings can be called that, how many of them appear each year and which of them were the most unique in the last hundred years. has been dealing with the topic for a long time.
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Head of Sekyra Group: Offices will become more expensive. In terms of price, they will reach the level of Berlin
Reality
Offices in Berlin are much more expensive, in Prague the rent rises above 20 euros per square meter, says the head of the developer group Sekyra Group Leoš Anderle.
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Special Real Estate Club
Realitní Club is a multi-platform project of the newstream.cz server dedicated to real estate, aimed at the B2B and B2C segment. It has three basic parts – web, print and event with a strong focus on social networks. The Realitní Club’s special page was the first to launch. The special is divided into four categories that deal with key areas of the real estate market in a “deep dive” manner.
Brownfields: the vision and future of undeveloped areas, especially in big cities; Commercial real estate: offices, coworking; New construction: development, rental housing, cooperative housing, mortgages; Reality and politics: how municipalities and the highest levels of central politics participate in construction.
They will be included conversations with developers, politicians, architects and designers.
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2023-11-02 14:00:00
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