Česká Spořitelna puts Budějovická headquarters on the market ahead of move to new Smíchov campus

Česká spořitelna, the largest bank in the Czech Republic, has officially begun the process of selling its headquarters in Budějovická, as it prepares to relocate to a newly developed campus in Smíchov, Prague. The move, expected to take place around 2028, marks a significant shift in the bank’s real estate strategy, as it plans to completely vacate its existing office buildings near the Budějovická and Roztyly metro stations.

According to Hospodářské noviny, the bank has already listed the properties for sale, a move confirmed by Česká spořitelna spokesperson Filip Hrubý. The tender process is being managed by real estate advisors from Knight Frank, who have already received interest from several major investors and developers. David Sajner, COO of Knight Frank, noted that both Czech and foreign investors have expressed interest, though he declined to disclose further details. The majority of interested parties come from the development sector, with potential buyers looking to repurpose or modify the existing buildings.

Among the key bidders is the Penta group, which is negotiating the purchase alongside DBK, the operator of the Budějovická shopping center. Other interested parties include Czech Mint Investments, while Passerinvest Group previously explored investment opportunities in the properties.

The total value of the real estate involved in the transaction is estimated in the billions of Czech crowns. The sale includes properties located on Budějovická, Poláčková, Olbrachtova, and Antal Stašek streets, which currently house several thousand Česká spořitelna employees.

With interest from major players in the Czech real estate market, the sale of Česká spořitelna’s Budějovická headquarters is set to be one of the most significant commercial real estate transactions in Prague in the coming years.

Source: Česká Spořitelna and E15