Tippin Corporation Kft. Information

Tippin Corporation has received the official construction permit for Exchange Palace located in Budapest, Hungary. The project will involve a total investment of EUR 100 million. The restoration project will deliver 35,000 sqm of luxury office and retail space. The original splendor of the Beaux Arts landmark building will be restored in a unique and contemporary style designed by world renowned Beyer Blinder Belle Architects & Planners, in cooperation with Canadian-Hungarian architect CMA International. The Hungarian monument was designed by the famous Hungarian architect Ignác Alpár. Originally built in 1905 to house the Budapest Stock Exchange, the building hosted the Institute of Marx, Lenin & Engels, and the Hungarian National Television. Exchange Palace was purchased by Tippin Corporation in 2006. After restoration and reconstruction, the building will offer 27,000 sqm of first class offices and approximately 8,000 sqm of premium retail space, with terraces on Freedom Square. Tippin Corporation opportunistically develops landmark properties worldwide. The company believes that "architecture is the paradigm of useful art" and uses landmarks as its investment vehicle. The company targets countries with high growth potential as a result of favourable geo-political and socio-economic change, and redevelops iconic architecture to address spatial and aesthetic voids. Properties are located in Canada, United States, Germany, Hungary and Georgia.