Hagag received the building permit for the renovation of Știrbei Palace

The building is classified as a class A historical monument, being considered one of the most prestigious and representative buildings in Bucharest

Real estate developer Hagag Development Europe received the building permit for the consolidation and renovation works on Știrbei Palace, a property located on 107 Calea Victoriei in central Bucharest.

The company has initiated the tender process for the selection of the general contractor and is prepared to start construction works on its first retail project, H Știrbei Palace.

The palace building will be fully refursbished and consolidated and its original proportions and height regime preserved, while the facades and the external and internal decorative elements will be restored to their original appearance.

Plans for H Știrbei Palace include the re-edification of the annex building that use to serve as the chariot house, a construction that will respect the full-empty ratio volume of the initial building.

Once completed, H Stirbei Palace aims to become one of the most important high-end commercial galleries in the SEE region and a vivid space dedicated to contemporary art and artists.

The exterior setup will include the vertical systematization of the „courtyard of honor” facing Calea Victoriei, the segment of the courtyard in front of the reconstructed semicircular annex building, as well as of the newly created inner courtyard.

MUST READ: Bucharest: Developers have a pipeline of projects in the Calea Victoriei area

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