Prague - Czech Railways (ČD) have decided to sell the late Baroque Sweerts-Špork Palace located on Hybernská Street in the center of Prague. The announcement of the tender was published online by ČD Reality; the Euro online portal was the first to report on it today. The deadline for submitting bids is March 25. According to railways spokesperson Ondřej Kubala, the reason for the sale is cost savings. "In addition to the revenue from the sale, we will significantly save on the operating costs of the building, which will completely disappear," said Kubala. Employees here will be relocated to other buildings owned by the railways. The expected revenue was not disclosed by the spokesperson. "We want to achieve the highest possible return, but commenting on expectations at the goal is not very prudent at the starting point," he simply stated. The Sweerts-Špork Palace was built between 1725 and 1789. In the 1920s, it was complemented by a modern addition designed by architect Josef Gočár. The palace then served as the headquarters of the Anglo-Czechoslovak Bank. It is now entirely used as an office building; some units of Czech Railways and their subsidiary ČD Reality are located here. The palace on Hybernská is not the first property that the railways are divesting. Recently, they sold unnecessary properties such as the Plzeň - South Suburb station (4.6 million CZK), the Vyšehrad station in Prague (42.5 million CZK), and a part of the freight station in Žižkov (136 million CZK). The Railway Infrastructure Administration is also selling off property; in 2003, it took over part of the railway real estate from the dissolved state organization Czech Railways. The largest transaction was likely the sale of the Bubny station area in Prague's Holešovice, where the administration received 1.1 billion crowns for the sale.
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