The sale of a portfolio of 800 flats in Prague-Písnice near the future Metro D terminal has come under fire. The tender organized by the dominant state-owned Czech energy supplier ČEZ is expected to close within a week. However, the plan has stirred strong controversy from those who have been renting the flats for years. They argue that ČEZ should have offered the flats to them in the first round. Petr Novotný, a lawyer from Vilímková, Dudák & Partners, said that after observing negotiations with ČEZ and the tender organizer, Naxos, he believes that ČEZ never intended to offer the flats to the tenants. Prague, meanwhile, offered to give the Libuš municipality a CZK 1bn loan to buy the flats. Libuš Mayor Jiří Kubek said, however, that the municipality, which has an annual budget of CZK 40m, would not be able to pay the loan back. Investors Pavel Tykač and Václav Skala have expressed interest in buying the portfolio, according to the server e15. CPI chose not to bid in the tender.
