In the 1860s, the Austrian Trade Association (since 1839) decided to have its own association building erected according to the plans of architect Otto Thienemann in the style of Palladian classicism. In 1872, Emperor Franz Josef I ceremoniously opened the palace, which is located near the magnificent Ringstrasse. Michael Matscheko, Wilhelm Exner, Franz Wertheim and many others shaped the history of the building. Many groundbreaking ideas, such as the Vienna Urania, the TGM or the Vienna World Exhibition, were conceived and realized here.
The Beletage of the house was not only used for meetings, festivities and balls, but was also the place for presentations of technical innovations. In 1868, for example, the first public test flight of Wilhelm Kress' flying model took place in the ballroom. Today, after extensive revitalization (1988-1991) and renovation (2004), the Beletage is the ideal setting for social events of all kinds. Receptions, conferences, meetings, balls and also clubbings take place in our classic ambience.