The offer for railway land in Bubny exceeded one billion

Prague - The Railway Administration (SŽDC) could acquire more than one billion crowns for the land around the Bubny railway station in Prague's Holešovice district. This was stated today by the Euro OnLine server, with information derived from a statement by Orco Property Group. "Orco has seriously evaluated this area and subsequently submitted an offer that is a multiple of the starting price and guaranteed it with a bank guarantee," quoted the server the company’s vice president Aleš Vobruba. The minimum price set by SŽDC as a condition for submitting an offer reaches 520 million crowns.
    The state organization managed by the Ministry of Transport plans, according to Euro OnLine, to use the proceeds from the property sale to pay off a debt to the Czech Consolidation Agency, to which it should contribute 1.2 billion crowns by the end of this year. SŽDC refuses to provide information about the tender process, stating only that the committee is evaluating the offers. According to Euro OnLine, five bidders are participating in the competition for the sale of approximately 24.5 hectares of plots. The J&T group has confirmed its interest in the property.
    The winner of the tender for the purchase of one of the largest undeveloped areas near the city center is expected to be announced within a month, provided that SŽDC officially declares it. The organization stated that if the announced conditions are not met, the public competition will be terminated without selecting a suitable buyer.