After a long time, the former MÁV headquarters on Andrássy Street was sold

November 27, 2021 at 2:30 PM

According to the announcement of the Hungarian National Asset Management, the state sold the former MÁV headquarters at the corner of Andrássy street and Izabella street. The complex, which has previously been unsuccessfully auctioned five times, must be restored by the new owner under strict monument protection standards.

One of the most beautiful palaces on Andrássy street, the building of the former Hungarian Royal State Railways (MÁV), has been sold. According to the announcement of the Hungarian National Asset Management, Andrássy út 73-75. (and with it 51 Izabella Street), sold 5,902 square meters of five-storey real estate for HUF 7.11 billion gross.

The patinated office building was built in 1875–1876 according to the plans of Gyula Rochlitz, and was last partially renovated in 2006. It has been empty since 2008 and its condition is constantly and spectacularly deteriorating. The National Trust has been looking for a buyer for the palace for years, but in 2020 the fifth auction was also unsuccessful.

Andrássy street (Sugárút) 73–75, the building of the board of the Hungarian Royal State Railways (MÁV) in 1878, photographed by György Klösz (Photo: Fortepan / Budapest Capital Archives. Archival reference: HU.BFL.XV.19.d.1.05.145 / ID: 82200)

It is clear from the auction notice that the condition of the palace is very poor. The offices are still in the material use of the 1970s and 1980s, the industrial structures are outdated, especially the exterior windows, cladding and surface finishes, building services systems and equipment. The house is soaked in several places due to poor rainwater drainage. Water intrusions were also observed during heavy rains. Plaster is partially missing from the floor structure and walls, and traditional and strip parquets have been destroyed in several places.

The palace is located on the Andrássy street in the World Heritage Site, so tidying up and rescuing it is especially important (Photo: Both Balázs / pestbuda.hu)

The winning bidder, ReoCo Value Added Real Estate Fund, and the investor will be required to comply with important heritage protection regulations during the restoration. Among other things, it must retain the main layout of the building and the historic floor and side wall coverings, it must preserve the valuable interior doors and windows, as well as the architectural elements and decorations of the building.

According to the announcement, the building in the Buda Castle at the intersection of Táncsics Mihály street and Hess András square was also part of the real estate package announced and sold by MNV.

Cover photo: The Hungarian National Asset Management sold the real estate complex for a gross HUF 7.11 billion (Photo: Both Balázs / pestbuda.hu)

Andrássy út, Avenue, Budapest, Hungarian national trustee, MÁV headquarters, monument, News, PestBuda, pestbuda.hu

⁰ ⁰ ⁰

A message from the former school: An exhibition in memory of János Neumann was opened at the Fasori Secondary School

March 29, 2023 at 9:00 AM

An exhibition was opened in János Neumann's former school, the Fasori Lutheran Secondary School, on the occasion of the 120th anniversary of the world-famous mathematician's birth. In the exhibition presenting the former Neumann milieu, paintings, graphics, photos, furniture, and objects tell the story of the art-supporting spirit of the noble bourgeois family at the turn of the century.

The renovated Angyalföld Reformed Church was handed over

March 27, 2023 at 4:00 PM

On 26 March, the renovated Frangepán Street Reformed Church was handed over. The 13th District church was built in 1933, the tower was restored in 2017, and the roof and facade were renovated last year. By the time of the ceremonial handover, the building had completely recovered its form ninety years ago.

A musical smart bench was handed over in City Park

March 25, 2023 at 10:30 AM

The City Park promenade has been enriched with a smart bench playing the works of Liszt and Chopin. The musical smart bench was presented to Budapest by the Polish Institute to commemorate the world-famous composers of the two nations.

More interesting articles

The Bridge Report, which brought a turning point in the history of Budapest

March 31, 2023 at 3:00 PM

A travel report that changed the history of Pest and Buda, as well as Hungary. The little book contributed to the change of half a thousand years of legal customs and the implementation of an investment of unprecedented size and technical quality. This book was The Bridge Report [Hídjelentés in Hungarian].

Drama on the university wall - The heroic monument was planned 95 years ago

March 30, 2023 at 9:00 AM

In the constant hustle and bustle of the Egyetem Square in Pest, the students may not even notice the monument that decorates the short section of wall between the church and the central building of ELTE. However, it commemorates their predecessors, the heroes who fought for their country in World War I, and those who heroically helped them. The first design of the dramatically collapsing soldier was born in 1928, ninety-five years ago.

If the efforts of 1848 had not failed, Szabadság Square would be somewhere else today

March 28, 2023 at 12:30 PM

Do you know where Diadal Street or Szabad Sajtó Street was in 1848? Not where many would think. During the revolution of 1848, the street names of Pest and Buda also changed.

After a long time, the former MÁV headquarters on Andrássy Street was sold

Related articles

More interesting articles

Hozzászólások

More articles