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It's tall. It's been under construction for 22 years. It's been sold.

It's tall. It's been under construction for 22 years. It's been sold.

Posted: January 24, 1996

By Zivnustkova, Alena

One of the two tall buildings near the Pankrac metro station in Prague 4, which has been under construction for 22 years for Czech Radio, was sold Jan. 10 to the Czech company Niko. The price of the skyscraper won't be released until the first down payment is made, but according to the general director of Czech Radio, it's more than 1.35 billion Kc ($52 million). At the time of that first payment, the building's ownership will be transferred as well.

The office director for Czech Radio's general director, Hana Skalickova, said the tender for the building began last March, and the Niko company, which trades office equipment and furnishings, was chosen out of four applicants. She said the main reason the radio sold the building was because it was too large. It has 27 floors above ground and three below standing on a 7,036-square-meter lot.

"It was one of those plans under communism - it counted on a much larger number of employees and bigger broadcasting," Skalickova said. "The company doesn't need such a big building."

According to the daily Pravo, the Niko company wants to use the building as a cultural-social center with commercial space, restaurants and movie theaters. The radio and music studios will be rented out to different radio stations. Niko director Ivan Svoboda said the building should be completed and opened in January 1997.

By Zivnustkova, Alena

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