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Czech Republic selling historic Invalidovna complex in centre of Prague

Originally a care facility for disabled military veterans, the 34,000 m2 Baroque structure is an opportunity for investors

12.07.2016

The Office for Government Representation in Property Affairs is offering the 34,000 m2 Invalidovna complex in Prague’s Karlín district for the price of CZK 637.7 million (EUR 23.6 million).

Karlín enjoyed an extraordinary construction boom at the beginning of the new millennium and the new, modern buildings here are being occupied by numerous firms including, for example, Philips Česká republika, the Swiss company Panalpina and the newsroom of the Czech publisher Economia.

Invalidovna was built at the behest of Emperor Charles VI in the 18th century according to a design by the famous Baroque architect Kilián Ignác Dientzenhofer as a care facility for disabled war veterans and their families, widows and orphans. Besides housing for the disabled, the expansive complex contains a canteen, mill, bakery, brewery, laundry, 138-bed hospital, pharmacy, slaughterhouse, officers’ club, reading room, clubroom, salon, winery, school and cemetery. The adjacent land plots served for cultivation of vegetables and raising of livestock. Invalidovna was used as the Military History Institute following the Second World Ward.

More information is available here.

Video about Invalidovna is available here