The Gizella Mill was built by the Krausz-Moskovits family in 1880. Until 1963, surviving the wars in Budapest, the building had been functioning as a steam mill. In the past decades it had been used as a warehouse until it was demolished in 2000 in order to be converted into a residential building. The construction work of the new loft-style apartments was finished in 2010, preserving the special industrial atmosphere of the mill.
Loft as a Real Estate Order was launched in the 1970s, when large factories were closed in lindustrial cities. Then they began exploring the possibilities of transforming existing warehouses, factories and factories that were used for industrial use as a residential building.
Lofts, by definition, are former, abandoned commercial spaces that have been converted for residential use and living/work environments. But lofts, by design, with its unique characteristics, are high ceilings and huge, open spaces, brick walls and pillars, stalwart steel girders and massive beams.
The apartments of Gizella Malom are located in the IX. district, near the Danube and can be easily reached by car or public transport. There are many tram and bus lines in the nearby Boráros Square, as well as metro line M3 within a few minutes. Within walking distance you can find the offices of the business district of Budapest, called the Millennium City Center, and many university buildings like Corvinus University and the Semmelweis Medical University. On the opposite side of the Danube, the Faculty of Science of Eötvös Lóránd University and the Budapest University of Technology and Economics.
The area is rich in attractions: one of the most popular cultural institutions of Hungary, the Palace of Arts, the largest and most beautiful old Great Market Hall, the Zwack Unicum Museum (with Visitor Center and Zwack shop) the Museum of Applied Arts, the National Theater, Ráday Street, where restaurants, cafés, theaters and galleries await the guests. The ever-developing nearby Danube shore also offers sightseeing and entertainment for travellers.