• Home
• Channel: Property
• Budapest Andrássy Út Palace To Be Renovated

Budapest Andrássy Út Palace To Be Renovated

• 26 Jan 2021 8:18 AM
• Hungary Around the Clock

AEW investment fund will start the renovation of the prestigious Krausz Palace at Andrássy út 12 in the summer, after obtaining heritage protection permits.

The overhaul of the 19th-century building is to be completed in 2022.

The project, to be carried out by building manager Limehouse Partners, will establish 4,000m² of office space and 340m² of commercial space on the ground floor.

The complete renovation also includes a renewal of the mechanical and ventilation systems, while preserving the historic and architectural features.

The palace was built in 1884 based on designs by architect Zsigmond Quittner. Its courtyard is decorated with paintings by German-Hungarian portrait painter Károly Lotz.


MTI Photo

• How does this content make you feel?
• I love it
• I like it
• I dislike it

• Krausz Palace Renovation

XpatLoop Media Partner

Hungary Around the Clock

Since 1995 Hungary Around the Clock has proven to be one of the most comprehensive sources of daily English-language news about Hungary. It covers ongoing domestic politics and foreign relations, as well as business and economic matters. For a free trial of HATC visit www.hatc.hu and click on 'Free Trial Subscription’.

Explore More Reports

Building Materials Market Set to Remain Tight in Hungary

• 20 Dec 2024 8:39 AM

Attila Juhasz, the head of EVOSZ's building materials section, said there are very few ongoing state or private investment projects and both consumers and businesses have been put off by high interest rates.



Mega Real-Estate Deal Planned at Budapest's Largest Train Stations

• 10 Dec 2024 6:16 AM

A mega real estate deal is being planned whereby the landholdings of Budapest's four major train stations would be leased out for 99 years and developers would be able to commercialise the stations and their surroundings "for free", David Vitezy, the leader of the Podmaniczky Movement in the city assembly, has said.



"Unprecedented" 3,754 Billion Forints Earmarked for Re-Launch of Home Renovation Programme in Hungary

• 19 Nov 2024 7:13 AM

The government will re-launch its home renovation subsidy programme "to ensure financial security and prosperity to families," the minister of culture and innovation told a press briefing.



Consultation on Village Home Renovation Scheme Starts in Hungary

• 15 Nov 2024 1:23 PM

The National Economy Ministry and the Culture and Innovation Ministry on Thursday announced the start of public consultations on a programme to support home renovations in Hungary's smallest settlements.