The area of the former Branický brewery has changed ownership

Prague - The former Braník Brewery complex in Prague has changed owners. This was announced by the real estate consulting company CBRE, which represented the current owner ING Real Estate Development in the transaction. The property was purchased by an undisclosed group of Czech investors. The value of the transaction was not disclosed by either party.
     ING Real Estate acquired the former brewery complex in 2007. Since then, the site has been awaiting development. The new owner plans to use the former brewery, for example, as storage, said investor representative Jan Sachr to ČTK. ING Real Estate originally intended to convert the brewery into apartments.
     Beer was brewed in Braník for over 100 years. The first batch of beer left the brewery gates in September 1900. The brewery survived the economic crisis of the 1930s, but in 1942, the production of the golden beverage ceased for four years. In 1948, the state nationalized the brewery, and ten years later, it incorporated it into the national enterprise Prague Breweries.
     A new hope emerged for the brewery in the 1990s. At that time, the owner invested hundreds of millions of crowns into the modernization of the complex. It was even said that after the completion of the reconstruction in 1995, it was the most modern brewery in the country. However, in 2006, Staropramen Breweries, as the owner of the Braník Brewery, announced that beer production would be definitively discontinued in Braník.
     A mute witness to the former glory is the company emblem on the building. It depicts Saint Wenceslas with two angels. The author of the work is Mikoláš Aleš.