The representative headquarters for the State Aluminium Industry Trust (Magyar Alumíniumipari Tröszt, MAT)were designed and constructed in 1964-1967 by Olga Mináry. The Trust itself was only founded in 1963, but reflecting the high state investments into bauxite mining and the aluminium industry, received an illustrious spot at the Pest side of the Danube. The façade of the modernist office building was covered with aluminium panels, which later, during a renovation in the 1980s, were replaced with blue metal ones.
The building currently houses the Hungarian National Asset Management Inc. (Magyar Nemzeti Vagyonkezelő Zrt.).