The Palace of Arts (Művészetek Palotája in Hungarian) is a building in Ferencváros, Budapest, Hungary, officially opened in March 2005. It is located near Lágymányosi Bridge, accessible from the southern end of Grand Boulevard with a ten-minute walk or by HÉV, or by No.1, No.2, and No.24 streetcars. The National Theatre, which opened in 2002, is located next to it.
The imposing structure of the Palace of Arts covers a ground area of 10,000 m² and the total floor space of the building is 70,000 m², meaning that if all the areas were occupied simultaneously, it would house about 4,500 people - the population of a medium-sized village.
Under the common roof, the impressive lobby is shared by three main venues in addition to service areas and areas offering facilities open all day such as snack-bars, a restaurant, a café, an Internet café, a breath-taking panorama terrace, plus giftshop and bookshops.
It received the Prix d’Excellence of FIABCI in 2006. [1] [2] (Hungarian)
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The Festival Theatre, in the Eastern third of the Palace of Arts building , seats 452 and also has the most modern technology.
The Palace of Arts and National Theatre are part of the new Millennium City.