The land near the metro was sold online for a record half a billion

Prague - A plot of land near the future metro station D in Prague was auctioned online for a record approximately half a billion crowns. This was reported today by the website E15.cz. The land was sold for 497 million, which is more than four times the starting price. The previous highest price recorded in online auctions in the Czech Republic was, according to data from Czech Post, which monitors all online auctions, 353 million crowns during last year's sale of a property near Olomouc. Sixteen buyers were interested in the land near the future metro. The auction winner wants to remain anonymous, according to the server.

The final price for the land represents, according to the auction agency Electronic Auctions, which facilitated the auction, two records in online auctions in the Czech Republic. "In addition to the highest total amount, there was also a record increase from the starting price to the final price," Ivo Gavlas, the founder of the agency, told E15.cz. The starting price was 110 million and the highest bid reached 89.6 million, according to Gavlas.

The auctioned land is located near the future metro station D Olbrachtova and also near the existing line C stations Pankrác and Budějovická, at the intersection of Na Strži, Jeremenkova, and Olbrachtova streets. It has an area of over 9,000 square meters and is home to a four-story administrative building and a car service. In the future, according to Gavlas, a building of up to twelve stories with apartments, offices, or shops could be constructed on the plot. The land was put up for auction by the bankruptcy trustee of the failed company NAP. The original owners of the land were the companies Oyster Invest and Nemokredit, which, although not in bankruptcy themselves, guaranteed a loan for NAP.

Metro D will first be built between Pankrác and Písnice and will subsequently lead to náměstí Míru. Last year, geological exploration of the route began. The total estimated cost of the new metro line is 72.6 billion crowns. The investor is the Prague public transport company, which is owned by the city of Prague.