Property
Timișoara (Romania)
Price:
$ 2,568,900
USD
-
Euro (€ EUR)
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American Dollar ($ USD)
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British Pound (£ GBP)
Surface
796 m2
Bedrooms
16
Bathrooms
11
Land
1 203 m2
In order for the Hat Factory of South Hungary S.A. to come into existence, it required private capital and support from the state and the city of Timișoara, where it operated on the banks of the Bega River. Archives attest that in 1899 the municipality granted, free of charge, to Phillipp Lustein and Wilhelm Keller a plot of land measuring 2 'cadastral acres' near the then-road viaduct and the current central park. The factory was exempt from paying municipal taxes for a decade but committed to providing annual subsidies for each employee.
Built in 1899-1900, the building structures bear the signature of the architect Ede Reiter, who was a neighbor to the property. The Hat Factory produced felt and wool hats, felt, and rabbit fur hats, with about 500 employees, two-thirds of whom were women, all assisted by steam-powered machines. Not only were the hats produced modern, but also the facilities provided to the workers – a bath, a dining hall, and relaxation spaces.
After the union with Romania, the factory was named the Timișoara Hat Factor y , and then came the communist nationalization. Between 1991-1995, it was privatized through the MEBO method and known as PALTIM SA. After a period of intense cultural activity, the factory's land is now undergoing a modern urban development project with residential and office spaces.
The former administrative building, currently a historical monument, is part of this complex built to the highest standards, bringing stories, history, and pedigree to its owner and future generations. Additionally, thanks to architect Ede Reiter, the property presents itself elegantly in the style that was fashionable at the time, Secession. The recent impeccable architectural and structural renovation highlights the beauty of this style and how it has remained relevant and attractive to this day. The ground floor is suitable for a restaurant – perhaps one that showcases the rich and flavorful gastronomy of the city, while the upper floor and attic are spacious and bright spaces, optimal for office activities, private residence, or even a spa. Located on the banks of the Bega River, with boats peacefully floating on the water and a promenade nearby, the property will undoubtedly become a landmark in the city.
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Advertiser reference: TV5L8B - Le Figaro Properties reference: 66693544
Its assets
- Fireplace
In detail
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- Surface 796 m2
- Pièces 16
- Chambres 16
- Land 1 203 m2
- Construction 1900
- Salles de bain 11
- Toilettes NC*
- Exposition NC*
- Chauffage NC*
- Cuisine NC*
- Taxe foncière NC*
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Energy Performance Certificate
Information not provided by the advertiser*GreenHouse Gas emission
Information not provided by the advertiser -
$ 2,568,900
* Information not provided by the advertiser
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Cosmin Vermesan Romania Sotheby's International Realty Cesianu-Racovita Palace Strada C. A. Rosetti 5Bucarest Bucharest (Romania) All the listings of this agency Contact an advisor
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