The unveiling of the renewed façade of one of the capital's symbolic buildings

The renovated Corvin department store will open at the end of August under the name Corvin Palace on Blaha Lujza Square in Budapest, with the net covering the facade, which has been restored to its original state, being removed from the building in a ceremony on the afternoon of 6 June.

After the presentation of the old-new facade of the department store, which was opened in 1926, the owner and operator Corvin Áruház Kft. one of the owners, Viktor Balogh told reporters that the renovation of the building will cost a total of about 8 billion forints, which will be carried out with their own resources and with the financing of Raiffeisen Bank. The restoration of the façade will cost around 1 billion forints.

16 thousand square meters building next to the Great Boulevard

In addition to the community spaces, the building will house shops and offices, most of which have already been leased, while negotiations are still ongoing for most of the offices. Roughly half of the 16,000 square metres of space will be retail, the other half office.

Before the ceremonial unveiling of the façade, András Pikó, Mayor of Budapest's 8th district, thanked the owners and team of Corvin Palace for their work in preserving and creating value. He emphasised that the department store will fit in well with the renovated Somogyi Béla Street and Blaha Lujza Square (this work was carried out by STR Mély- és Magasépítő Kft, part of Strabag-csoport, and the square will be handed over in December 2022 ), and the Palace District, helping to make the city feel more like home.