FM newsroom – property market. The Kaprain Group, led by businessman Karel Pražák, has purchased the iconic Stýblův dům on Wenceslas Square from the Sekyra Group. The acquisition includes a building permit for reconstruction, paving the way for a blend of modern retail and residential spaces in one of Prague’s busiest commercial hubs.
Historic Building Changes Hands
Kaprain Group confirmed the purchase of the Neo-Renaissance Stýblův dům from the Sekyra Group, owned by billionaire Luděk Sekyra. The transaction price was not disclosed. The sale was also verified by Kaprain spokesman Ondřej Pechar and Sekyra Group CEO Leoš Anderle, Forbes.cz reports.
A building permit obtained by Sekyra Group before the sale allows for the creation of retail units in the lower part of the building and residential housing in the upper sections. Anderle explained that securing the permit helped in evaluating and ultimately deciding to sell the property.
Kaprain’s Expanding “Trophy Property” Portfolio
Kaprain Group, founded in 2013, operates in six sectors: industry, real estate, sports and entertainment, finance, retail, and media. The Group employs nearly 6,000 people and manages assets worth approximately CZK 50 billion.
The Group views the acquisition as a strategic addition to its growing collection of landmark properties, which already includes Victoria Palace on Vítězné Square and the Pařížská 25 project.
“By purchasing a house on Wenceslas Square, we are expanding the Kaprain group’s portfolio of trophy properties,” Pechar said.
Architectural and Historical Significance
Located at the intersection of Wenceslas Square and Vodičkova Street, Stýblův dům neighbours the functionalist Alfa Palace and the Ligna Palace. The complex also features a courtyard building that once housed a printing press