Change of hands looms for Prague’s tallest office bloc

The REICO investment company, owned by one of the Czech Republic’s biggest banks Česká Spořitelna, is poised to buy the tallest office block in Prague, the City Tower. The pending purchase, with an estimated value of around 4.9 billion crowns, is being examined by the country’s competition office. The current owner is the PPF company of the country’s richest man, Petr Kellner. City Tower, at 109 metres, is the second tallest building in the country.

Author: Chris Johnstone