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Prague leaders agreed with the owner of the Skoda Palace, Copa retail, on a discount on the rent amounting to CZK 860 million, as Mayor Adriana Krnáčová (ANO) and Copa retail director Abigail Schaeffer told reports today. The company will provide a discount on the total amount that was originally supposed to reach 4.4 billion over a 20-year lease. At the same time, Prague agreed to give up its purchase option and to extend the lease contract by a year and a half. Prague originally leased the palace, which serves as the seat of most of the city administration, from 2006 to 2026.

Source: Aktuálně.cz, ČTK