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Budapest Stock Exchange to move to Andrássy út

The Budapest Stock Exchange (BÉT) will move to the Herczog Palace in the capital's historic Andrássy út in March 2007, officials from the bourse and property company A1 Group announced on Monday.

The BÉT has signed a long-term lease for the building. It will move in on March 15, following a renovation of the building's interior. The deal was brokered by CB Richard Ellis and GVA Hungary Kft.
The BÉT's headquarters in Vörösmarty tér was recently bought by Orco Property Group, which plans to turn the building into a luxury shopping centre. Rent at the two buildings is about the same, bourse officials said.