Hungarian Conservative

Among the nominees for Category B of the New European Bauhaus Prize there is a Hungarian project titled Cooperative Ownership for Communities. It aims to create a multifunctional space by transforming a four-story building in one of Budapest’s old industrial areas. The New European Bauhaus Prizes 2024 Ceremony will be held during the New European Bauhaus Festival in Brussels between 9 and ⁠13 April.

The exhibition presents the complete history of the building complex rebuilt in 2014, from the late 19th century to the present day, through three key periods, as highlighted during the opening ceremony at the venue.

The Hungarian state acquired the former Ministry of Finance building for 10 million euros in 2021, below the appraised value according to the valuation. Due to its location and high prestige, the actual value of the property is practically priceless.