Henrik Haggenmacher Sr. a prominent Hungarian industrialist born in Switzerland, bought the Frohner family’s brewery in 1867. In keeping up with demand, by 1875 the Haggenmacher brewery had already grown to be second largest producer in Hungary, after Antal Dreher’s brewery in Kőbánya.
World War I heavily affected the Hungarian industry, and a merge between the three largest breweries took place in 1933, combining the Dreher brewery, Haggenmacher brewery and the First Hungarian Stock-limited brewery. Within years, production was centralized at the Stock-limited Brewery in Kőbánya, and the Haggenmacher premises became a storage facility.
Haggenmacher Courtyard Ltd. acquired parts of the run-down brewery and its buildings in 2004 and began the real-estate development with the rehabilitation of the factory premises and step-by-step restoration of one of the main buildings.
This led to the birth of the international contemporary art center named art quarter budapest (aqb) that organizes and gives place to numerous events, art programs, concerts and exhibitions.