Rothschild family sells its latest property worth $105 million in Austria
In the early 20th century, the Rothschild family owned Europe’s largest private fortune and sold the last piece of the Austrian empire 200 years later.
The agreement is more than 105 million dollars, he said. The two trusts sold included 17.300 acres of forest land in Lower Austria. The buyer was Prinzhorn Holding GmbH, a Vienna-based packaging company that purchased property adjacent to the family last year.
The family comes from Mayer Amschel Rothschild, a banker based in Frankfurt. In the 1760s, he founded international banking with his five sons and rose to family nobles in Austria. Salomon Mayer von Rothschild began doing business in Vienna in 1815 and quickly became the best financier for the Habsburg Empire as well as the country’s largest landowner.
The forest land was part of a property purchased by Baron Albert von Rothschild in 1875. The Nazis captured the land in 1938 and II. After World War II, he returned to the family. Rothschild heir Bettina Looram lived there until her death in 2012 and the last two properties were represented by her daughter, Bettina Burr, who agreed to sell them.
Many other generous properties of the Rothschild fortune are still spread across the European, American and even Caribbean islands.
Source: The Real Deal
Melike Vodina / realestatecoulisse.com