Anonymous ID: c622f8 June 2, 2024, 7:41 a.m. No.20955669   🗄️.is 🔗kun

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Rothschild family sells off an historic property the size of Manhattan

 

The famed banking family owned the property for 143 years

 

Feb 3, 2018, 9:00 AM

 

The famed banking family sold their 5,412-hectare estate in Austria for about $112 million, according to Mansion Global.

 

The estate was purchased by Baron Albert von Rothschild in 1875 and was the site of forestry, energy and other business enterprises along with the family’s homes and palaces in the picturesque woodlands. In World War II the property was taken over by Nazis and by Russian occupiers. The land returned to the family’s administration in 1952.

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Cord Prinzhorn of Prinzhorn Holding’s paper and packaging company bought the property, according to the Austrian brokerage who handled the deal.

 

Nancy Clarice Tilghman and Geoffrey R. Hoguet are the surviving heirs to the Rothschild family; both live in the United States. [Mansion Global] — Erin Hudson

 

„SOMETIMES YOU HAVE TO BE VERY QUICK IN BUSINESS“

Saudi Arabian investor and businessman, Prince Al-­‐Waleed bin Talal talks about his investment-­‐

successes, his attitude to work and about women’s role in the Saudi Arabian economy

Wiener Zeitung: Your Royal Highness, may I send you the very best wishes from my home country.

When were you in Vienna the last time?

Prince Al Waleed bin Talal: I have been in Nemsa {Austria} many times. The last time it was 4 years

ago.

At this visit you are said to have explored Vienna with your entourage of 40 people by bicycle. Your

bodyguard must have been quite stressed (laughs). Were these private visits or business trips?

That trip to Vienna was a vacation. But for me vacation is always also business. I work everyday and I

only sleep from 5.30 am to 10.30 am. But my telephone is always switched on. My people and my

business-­‐partners know that. When it is about important issues and decisions, I am reachable 24

hours.

You are considered one of the world’s most successful investors, where do you see Austria’s potential?

Vienna is a very important tourist-­‐destination, everybody knows that. I remember visiting St.

Stephens Cathedral – what a beautiful church! I actually went there twice. The whole area around

this church is very impressive, also with the shopping facilities. And so is the big building facing the

cathedral with the restaurant on the roof (Do & Co.) So, if there is an opportunity to buy property in

that area, we are ready.

Austria is considered an expert for investments on the Eastern European market. We were among the

first to invest there and have so far been successful. What do you think of this market?

The Eastern European market -­‐ the former Soviet Union countries -­‐ is very interesting. „Four

Seasons Hotels“ are already in Moscow and Budapest, but we also want to expand with „Fairmont

Hotels“ and „Mövenpick“. We are looking for further opportunities, for instance in banking. Citibank

is already there but we are still expanding. Also the media, our „News Corp. Group“, is a growing

field.