News Article AEW Avison Young Budapest Hungary Limehouse office retail
by Property Forum | Office

The historic building will offer 4,600 sqm of office and 340 sqm of retail space in the very heart of the Hungarian capital. The opening is expected at the end of January.

Krausz Palota (Andrássy 12 Office Building) had been privatized in 2011 and since then changed hands several times. Investment fund AEW and asset management company Limehouse Partners teamed up to refurbish the property in 2021. BORD Architects is responsible for the in-depth architectural renovation of the prestigious building.

Jake Lodge, Principal at Avision Young told Property Forum that extensive negotiations are underway about the lease of office spaces and efforts are being made to attract a top retailer for the retail space on the ground floor.