Real estate developer Hagag Development Europe received the urban planning certificate in order to move forward with the building permit that will authorize execution of construction works for the restoration, consolidation and re-functionalisation of historical monument building Stirbey Palace. The company’s representatives have requested, as an extra, an additional approval for rebuilding the annex building that use to house the former carriage shed. The budget allocated for the refurbishment of the Palace and the reedification of the above-mentioned extension is 20 million Euro.

Restoration works for Stirbey Palace will follow the line of the H Victoriei 109 and H Victoriei 139. Therefore, the exterior image of the palace will be completely restored, the facades brought back to its original appearance and elegance, and the interior image will be reconstructed according to historical plans, respecting, as far as technological possibilities allow, techniques and traditional materials. Stirbey Palace has a built area of 2,933 square meters with 776 square metres ground deployment and a height of UG + GF + F + A. The entire building will be rehabilitated, including its exterior decorative elements. Following its reintroduction into the public circuit, the palace will host a high-end gallery for internationally renowned premium brands, as well as a modern space dedicated to cultural events and art exhibitions signed by contemporary, Romanian and international artists, which the developer will make available, pro-bono, to the latter.