Prague authorities buying major city centre building

The City of Prague is set to buy a major city centre property. On Thursday evening councillors definitively approved the purchase of a building on the corner of Wenceslas Square and Štěpánská St. from the bank Komerční banka at a cost of CZK 3.5 billion.

The municipality plans to move officials to the new building from the Škoda Palace in Jungmannova Street, which it has leased until the end of March 2028.