Adria Palace in Budapest to undergo renovation

BDPST Group is planning to renovate Budapest’s Adria Palace, which it acquired last year. Located on Liberty Square, the Neo-Baroque palace was built between 1900 and 1920 for the Adria Royal Hungarian Sea Navigation Co. It has since fallen into disrepair. BDPST Group is planning to incorporate apartments and offices into its renovation. The property has been featured in Hollywood movies, including the fifth installment of the Die Hard series and Red Sparrow. BDPST is also currently renovating Schossberger Castle, another protected property in northeastern Budapest.