Liquidating assets?
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The Rothschild family sold an Austrian forestry- and Hunting Estate including a stately lodge and power plants in what the broker called a “historic transaction” in continental Europe.
At 5,400 hectares (13,000 acres), the grounds about two hours west of Vienna are 16 times as big as New York’s Central Park. They were sold by Rothschild heirs Nancy Clarice Tilghman and Geoffrey R. Hoguet, real Estate broker Klaus Bischof said in an interview.
“This type of transaction happens once in a century in a family like the Rothschilds,” he said. “We saw big interest from entrepreneurs from Germany, Switzerland and Austria.”
The owners, both living in the U.S., decided to sell the Langau Estate near the town of Gaming to the Austrian Prinzhorn family because the buyers promised to keep and develop the forestry in the Lower Austria province. The family of entrepreneurs Cord and Thomas Prinzhorn has a net worth of 1.1 billion euros ($1.37 billion), according to 2016 estimates by Austria’s Trend magazine.
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