Brno has halted the sale offer for Jalta, it has a serious buyer interested in purchasing

Brno - The Brno council decided today that they will no longer offer the dilapidated Jalta passage in Dominikánské náměstí for sale. The city wants to negotiate with a serious buyer who expressed interest in February. The buyer wants to purchase it for 101 million crowns. By the end of June, they should pay a deposit of ten million crowns, Brno Mayor Petr Vokřál (ANO) told reporters today. The buyer must also demonstrate what they plan to use the building for and within what timeframe.

The council today approved the wording of the contract regarding the deposit and its use: "By June 30, they should pay a binding deposit," Vokřál stated. However, he did not want to disclose who the interested party is. If the buyer pays the deposit and then withdraws from signing the purchase agreement, they would incur a penalty equivalent to the deposit amount, according to the city hall.

If the interested party fails to meet the deadline and does not pay the deposit by June 30, the city, according to Vokřál, will continue discussions with the Brno-střed district, which is interested in using Jalta as the seat of its office. The building would need to be repaired, as it has been vacant for about ten years and is deteriorating. The repair costs are estimated to be between 150 and 200 million crowns.

Brno had previously tried to sell Jalta for about 100 million crowns, but the sale fell through each time. Several interested parties emerged last year, but ultimately did not pay the required deposit.

The Brno city hall exchanged Jalta at the turn of 2005 and 2006 for other lucrative plots and buildings. It was originally supposed to repair it and relocate some of its officials there. However, this did not occur due to the poor condition of the building.