Prague’s main post office off market after failing to attract bidders

Czech Post says it has abandoned plans to sell its iconic main post office on Prague’s Jindřišská St. after it received no bids for the second time. The mail service said it had taken the property, valued at CZK 1.54 billion, off the market and was now considering what to do with it. One possibility is to shut other branches and move the staff to Jindřišská, a spokesperson said on Wednesday.

The building, which dates from the 1870s, was declared a national cultural landmark in 1998.

Czech Post last year announced it was closing around 300 branches and making redundancies, after suffering heavy losses.

Author: Ian Willoughby