THE PALATIAL RESIDENCE, BUILT IN A NEOCLASSICAL STYLE, WAS ONCE HOME TO AUSTRIAN FEDERAL PRESIDENT WILHELM MIKLAS (1872–1956), WHO LIVED HERE WITH HIS FAMILY OF TWELVE DURING HIS PRESIDENCY FROM 1928 TO 1938. AT THE TIME, THE PROPERTY WAS LOCATED ON THE GREEN OUTSKIRTS OF VIENNA, SURROUNDED BY PARKS AND OPEN FIELDS, AND FEATURED ITS OWN TENNIS COURT AND BOWLING ALLEY. IT LATER CAME INTO THE POSSESSION OF CHEMIE LINZ, A NATIONALIZED ENTERPRISE THAT USED IT AS ITS STATELY CORPORATE HEADQUARTERS. THE BUILDING WAS THEN ACQUIRED BY THE AUSTRIAN POSTAL SAVINGS BANK (POSTSPARKASSE) BEFORE BEING PURCHASED IN 1995 BY ERWIN AND HANNO SORAVIA. FROM THEN ON, IT SERVED AS THE HEADQUARTERS OF THE SORAVIA GROUP.