Fidurock to transform Brno’s Lidická Street: EG.D and E.ON offices to become 250 residential units
The real estate investment group Fidurock announces a significant acquisition in the centre of Brno. The group is acquiring an office complex at Lidická 1873/36 from EG.D, part of the E.ON Group, including the historic Keller Palace. Fidurock’s long-term intention is to transform the existing office premises into a modern residential development comprising approximately 250 apartments.
The acquisition includes the current office building as well as the adjacent historic Keller Palace. The properties remain owned and occupied by EG.D and E.ON and will continue to serve their operations until their relocation to new premises in September 2026. Nevertheless, this strategic transaction already represents an important step within Fidurock’s portfolio, with an ambitious plan to fully redevelop the existing office complex into a modern residential project with 250 housing units.
Our group has extensive experience in sensitive renovations and complex redevelopments of large residential buildings in the centres of Prague and Brno. The planned conversion of the office complex on Lidická Street into 250 apartments will therefore be one of our largest redevelopment projects to date. While most of our renovated apartment buildings are retained for rental, either directly within the group or through our residential fund, the Lidická project is being designed for sale from the outset. Demand for high-quality housing in city centres—particularly in dynamically growing Prague and Brno—continues to rise. The Keller Palace is located just a few minutes’ walk from Brno’s historic centre, making it an exceptional address. We will provide more detailed information on the project at a later stage.
The total land area of the site is nearly 10,000 square metres, with an existing built-up area of just under 9,000 square metres. More than 4,000 square metres of this currently serve as office space, which is still owned and used by employees of EG.D and E.ON. Fidurock sees significant potential in this location for the creation of highly sought-after residential housing with excellent civic amenities and transport accessibility.
The transformation of the site from office use to residential housing requires thorough preparation and the acquisition of all necessary permits from the relevant authorities. Until the transaction is fully completed and Fidurock presents its detailed development plans to the public, the buildings will continue to operate as office premises used by EG.D and E.ON. This transitional period ensures continuity for current users without disrupting their operations. Fidurock is also committed to a sensitive redevelopment approach, placing the highest emphasis on preserving and respecting the historical value of the Keller Palace and the entire complex.
For EG.D and E.ON, the sale of the Lidická 36 site represents the beginning of a new chapter. “This address has belonged to energy companies for more than one hundred years. The premises hold immense historical value, but as the energy sector continues to evolve rapidly, the site no longer allows us to develop further,” said Pavel Čada, Managing Director of EG.D, part of the E.ON Group. “We are pleased that the buildings will gain new life and meaningful use. The site is being transferred to an investor with a clear vision and proven experience in similar locations. We believe the project will bring high-quality new housing to Brno. Negotiations with Fidurock followed a predefined schedule and were conducted constructively with the sole aim of reaching an agreement.”
The Keller Palace, one of the most significant palace complexes in Brno, dating back to the second half of the 19th century, is a remarkable architectural landmark in the style of Northern Italian Neo-Renaissance. Its imposing thirteen-axis façade on Lidická Street, originally built for industrialist Josef Keller between 1880 and 1881 based on designs by the renowned Viennese architectural firm Ferdinand Fellner and Hermann Helmer, impresses with its monumentality and elegance. The ground floor is distinguished by robust rustication, while a central passage runs through the entire layout of the palace. Although the complex underwent several adaptations throughout the 20th century under the management of various energy companies, the main palace building has retained an exceptionally authentic character, reflecting the original prestige, financial strength, and social standing of Josef Keller. This historical value and unique character will form the foundation for a sensitive and respectful conversation.
