The building located at XIII. Váci út 72-74, previously served as the headquarters of the Budapest Electrical Works (ELMŰ).
The supply of electricity in Budapest began on October 13, 1893, with the launch of a power generator at the Tisza Street operational wing of the Hungarian Electrical Works (MVRt.) located at the Váci út site. The L-shaped wings on Tisza Street and Váci út 72, designed by József Pucher, were first expanded in 1895, followed by several additional phases of construction (1900, 1907, 1927, 1932). The Váci út and Dráva Street wings underwent façade renovations in the mid-1980s, and in the early 1990s, the cultural center of the ELMŰ headquarters was built on the site of the Visegrádi Street boiler house, later converted into offices. The property, which has been under special monument protection since 2006, was utilized as a headquarters until the recent relocation.
For more detailed information, our colleagues Attila Balogh and Luca Pickermann are at the disposal of interested parties.
Across Europe, aging office stock presents a widespread issue, and Budapest is no exception. Many older buildings are becoming vacant and increasingly costly to renovate to meet modern sustainability standards.
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