Prague Archbishopric to sell Jindřiška Tower and hotel

21
Sep
2023
News - Prague Archbishopric to sell Jindřiška Tower and hotel #city #Czech Republic #hotel #Investika #investment #Prague

by Property Forum | Investment

Thirty interested parties are bidding for the Jindřiška Tower in the centre of Prague, which was offered for sale by the Prague Archbishopric at the end of last year. The Prague City Council has also submitted an offer. The price is expected to be €4.09 million. The archbishopric also decided to sell the Clara Futura hotel in Dolní Břežany for €12.6 million to the investment fund Investika, writes the Czech Press Agency ČTK.


The Prague Archbishopric has received approval from the Vatican to sell the medieval Jindřišská Tower in Prague to the capital. Prague Archbishop Jan Graubner told reporters that the archbishopric wants to sell the tower to Prague for CZK 100 million (€4.09 million). He said he was waiting for the next meeting of the Prague City Council to see if it would approve the sale. Prague City Councillor Adam Zábranský subsequently told ČTK that the capital is now waiting for an expert opinion on the price of the Jindřišská Tower before deciding on a possible purchase. According to him, however, the City of Prague has never made a binding offer to buy the Jindřiška Tower for CZK 100 million. The information that appeared in the media today was described by Prague councillor Zábranský as a fabulation.

According to Graubner, the archbishopric also decided to sell the Clara Futura hotel in Dolní Břežany for CZK 308 million (€12.6 million). The money that the archbishopric is expected to receive from the sale should go to church education. In particular, the Archbishopric plans to reconstruct the Archbishop's Gymnasium for CZK 150 million (€6.137 million) and to build a speech therapy school in Klecany, the cost of which is estimated at CZK 400 million (€16.371 million).

The Archbishopric offered the Jindřiška Tower in the centre of the town for sale at the end of last year. According to the Archbishopric, the tower has no significance for the religious, it is primarily a tourist monument. The sale is part of a streamlining of the church's management in view of the time when it will no longer receive a contribution from the state for its activities. The archbishopric originally offered the tower for sale for CZK 75 million (€3.068 million). There were many bidders, and the archbishopric judged Prague's offer to be the best. The price offered by the capital was one of the highest, Jan Balík, the vicar general of the Prague archbishopric, told ČTK.

According to an earlier statement by the archbishopric, the tower requires an investment of about CZK 30 million (€1.3 million) for repairs. The long-term tenant has appreciated the building, and two decades ago an internal space was built into the tower, on which the individual floors are perched. The monument has long been leased to the Jindřišská věž company. The lease agreement from 2000 was concluded for a definite period until the end of 2044.

The Hotel Clara Futura in Dolní Břežany was created by the reconstruction of the castle, which was the property of the Archbishopric of Prague for almost 300 years until its nationalisation. After restitution, the church got it back in poor condition and renovated it between 2015 and 2018 for CZK 250 million (€10.23 million). The hotel was loss-making. According to the press conference, the hotel is being bought from the archbishopric by the current tenant, the investment fund Investika.




Latest news


New leases

  • Premium office operator Hotspot has expanded its flexible workspace footprint within Bucharest's The Mark building by approximately 700 sqm to meet rising corporate demand. The expansion brings the total area of private office and coworking spaces at the Hotspot Workhub sites to approximately 2,552 sqm.
  • Stook Concept has leased a 3,600 sqm module within building C2 at the MLP Bucharest West logistics centre. The facility comprises approximately 3,500 sqm of warehouse space and 100 sqm of offices. The building is in its final construction phase, with handover scheduled for later this quarter. Colliers represented the tenant in the transaction.
  • DXC Technology has extended its lease agreement for office space in Warsaw’s Skyliner tower, securing its tenancy until 2032. The global IT services leader will continue to occupy nearly 4,600 sqm of office space distributed across three floors of the Karimpol Group’s flagship development.

New appointments

  • BNP Paribas Real Estate Poland has expanded its Industrial and Logistics Agency team with the appointments of Joanna Choromańska, formerly of JLL, and Bartosz Wilczyński, previously with CBRE. The new hires bring a combined 34 years of experience in sector sales, lease negotiations, and build-to-suit project delivery to support the division's ongoing growth.
  • Speedwell has expanded its industrial and logistics team with the appointment of Valentin Achim as Leasing and Property Manager for Industrial Developments. Achim brings extensive experience in coordinating commercial and operational activities within the logistics and industrial sectors. In his new role, he will oversee the development and expansion of the company's Spaceplus platform.
  • Colliers has appointed Kata Mazsaroff, Tamás Beck, and Miklós Ecsődi as Equity Partners in Hungary, effective 30 April 2026. Mazsaroff, who joined in 2007, rises to Managing Partner after overseeing a 200 per cent revenue increase since her 2022 appointment as Managing Director. Beck, with Colliers since 1994, has led the Industrial & Logistics division since 2005, facilitating transactions covering 1.9 million sqm of built space and 9.8 million sqm of land. Ecsődi, Head of Occupier Services and Office Agency since joining in 2011, has secured over 450,000 sqm in leases valued above €600 million.


Latest news

News - New guide helps companies choose coworking spaces beyond price
05
Jun
2026

New guide helps companies choose coworking spaces beyond price

by Property Forum
Companies and entrepreneurs looking to lease coworking spaces in Romania can now evaluate the best market options using multiple criteria including economic efficiency, workplace quality and technical specifications, according to a new guide developed by Beyond Space in partnership with Cushman & Wakefield Echinox.
Read more >
News - Bucharest sees the emergence of a new luxury ecosystem
05
Jun
2026

Bucharest sees the emergence of a new luxury ecosystem

by Ovidiu Nicolae
Yitzhak Hagag, Co-founder & Chairman of Hagag Development Europe, spoke to Property Forum about the firm's strategic focus on diversifying into hospitality and energy while maintaining strong growth in its core office and residential segments. He noted that rental income rose by 32% as the company prepares for major luxury retail and hotel project deliveries.
Read more >
News - Hillwood Polska secures €160 million portfolio financing from Pekao
04
Jun
2026

Hillwood Polska secures €160 million portfolio financing from Pekao

by Property Forum
Hillwood Polska has finalised a portfolio financing transaction with Bank Pekao S.A., covering four warehouse projects: Hillwood Rawicz, Hillwood & Lcube Wrocław East, Hillwood Łazy (phases I and II) and Hillwood Łódź Chocianowice. The total credit amount is €160 million. The portfolio covered by the transaction offers a combined 310,000 sqm of leasable space.
Read more >


Property Forum ABOUT US

Property Forum is a leading event hub in the CEE real estate industry with over 10 years of experience. We organise conferences, business breakfasts and workshops focused on real estate, in London, Vienna, Warsaw, Budapest, Bucharest, Bratislava, Prague, Zagreb and Sofia, amongst other locations.
Please send press releases to
newsdesk AT property-forum DOT eu
MORE >

CONTACT

NEWSLETTER

 

Property Forum © 2017 – 2026 | Terms & conditions | Privacy policy