[2] The palace was built for the Timiș–Bega Hydro-improvement Company,[1] established in 1871 especially for the management of the Bega Canal, an important transport route at the time.

Designed by the architect Lipót Baumhorn, work began in 1900, under the direction of Karl Hart [ro], and was completed a year later, in 1901.

[2] The palace was originally a one-storey building, but in 1910 builder Arthur Tunner extended it by adding a second storey, retaining the overall appearance.

[4] Here was the Owners' Union that dealt with all issues related to watercourses (established in 1924, following the water law), which in 1950 would change its title, remaining with the same attributions.

[9] The central bay, where the entrance to the building is located, is elevated and dominated by a cupola tower,[7] which is a wooden construction, currently covered with galvanized sheet that imitates the original tile.