Located in Szabadság tér, partly covered under historic preservation and featuring elements of the Baroque Revival, Adria Palace will be restored to its former glory through a complex renovation process.

The four-storey, historicist building situated next to the former Stock Exchange Palace and former Hungarian Television headquarters, was commissioned by Adria Royal Hungarian Maritime Shipping Inc. and built between 1900 and 1902 based on the plans by Artúr Meinig.

It served as the shipping company’s headquarter until World War I, then housed bank offices and service apartments for bank clerks. After World War II, the impressively large spaces and the larger apartments were split up as well, historic value. During the Communist era, the building underwent further major transformations that resulted in additional damage to its interior design elements under historic building protection, such as the wrought iron structure of the lifts. The condition of the building has been continuously deteriorating since the change of regime.

By purchasing and renovating a large part of the building we are committed to its unique craftsmanship and the rich architectural heritage with its special place in the urban landscape, as well as to offices, retail units and apartments that meet today’s modern needs. The project is currently in the planning stage.