The Council of the Capital City. The Prague City Council approved the purchase of a one-third share of the property at 17 Celetná Street for almost CZK 129 million. The consolidation of the ownership of the building, which houses, among other things, a restaurant and the Theatre in Celetná, will enable the city to take better care of its property.
"Co-ownership of real estate always brings some complications, so I am glad that we are consolidating the ownership. In this case, we will acquire exclusive ownership of a property in the centre of Prague on Královská cesta," says the City Councillor. Adam Zábranský, Prague's Minister for Property, Transparency and Legislation.

Prague acquired two-thirds ownership of the building in 2019 after a nine-year court dispute with the Institute of Arts of the Theatre Institute. The purchase of the remaining share of the built-up area and courtyard of 1,700 square metres from a private owner, worth almost CZK 129 million, will be voted on by the Prague City Council at its January meeting. Prague.

The Baroque building called Manhart Palace is an immovable cultural monument and is located in a conservation area. Extensive reconstruction took place here between 1967 and 1977. According to an expert's report, its current condition requires investment in the removal of technical defects worth approximately CZK 20 million.