Prague to complete construction of Nová Palmovka building. Once completed, the building could serve as the headquarters of the European Union Agency for the Space Programme

The city is planning to complete the Nová Palmovka construction project in Prague 8 as soon as possible. In the future, the building could serve as the headquarters of the European Union Agency for the Space Programme (EUSPA). To enable the government to negotiate with the agency, the city and Ministry of Finance have signed a Letter of Intent to enter into a lease agreement. This would allow the ministry to rent the premises to the agency directly.

Prague’s Mayor Zdeněk Hřib today signed a Letter of Intent with the Minister of Finance Zbyňek Stanjura on the future use of the Nová Palmovka building. The Letter of Intent was entered into between the capital city as the future landlord and the Czech Republic represented by the Ministry of Finance as the future tenant. The term of the intended lease agreement will be 25 years. Depending on the result of negotiations, the Czech Republic would rent premises in the Nová Palmovka building to the European Union Agency for the Space Programme which would use it as its headquarters.