The Canadian real estate developer company Tippin announced it will break ground on a €100m renovation of Budapest’s Stock Exchange Palace next year. The renovation will supply the building, one of the most valuable properties in Hungary, with 22,000 sqm of A-category office space and 8,000 sqm of premium retail space. Tippin purchased the building in 2006 for HUF 4.6bn and had originally hoped to complete its renovation by 2011. Established in 1996, the company has built its reputation around the acquisition and renovation of historical buildings. The Stock Exchange Palace, located in the center of Budapest, served as the former headquarter of the Hungarian state television.
