Praha will buy from a private individual his share in the Manhart Palace on Celetná Street

Prague - The capital city of Prague will buy the missing ownership share in the Manhart Palace on Celetná Street, which among other things houses the Theater in Celetná. For the one-third share, it will pay the private owner 129 million crowns. The spokesperson for the city hall, Vít Hofman, informed ČTK. The purchase still needs to be approved by the Prague city councilors. The palace, also known as Menhart Palace or the House at the Goat, has been a protected heritage site since 1964 and was built at the turn of the 17th and 18th centuries.

"Co-ownership of properties always brings some complications, so I am glad that we are consolidating ownership. In this case, we will acquire the property in exclusive ownership in the center of Prague on the Royal Route," said councilor Adam Zábranský (Pirates).

The two-thirds ownership of the building was acquired by the capital city in 2019 after a nine-year court dispute with the Institute of Art - Theater Institute. The buyout of the remaining share of the built-up area and courtyard measuring 1,700 square meters from the private owner will be discussed by the city councilors at the January meeting.

The baroque Manhart Palace is a cultural heritage monument and is located in a heritage reservation. The building was reconstructed between 1967 and 1977. According to an expert assessment, the city will need to invest approximately 20 million crowns into further repairs of the palace, particularly to address technical deficiencies. The palace stands on the site of several older houses. The oldest mentions of them date back to the early 15th century.