Premium property
Mark Mateschitz acquires Salzburg Gwandhaus
The Red Bull boss bought the premium property this week. It is just one of the many historic buildings in the 32-year-old's portfolio. However, it is not yet clear what will happen to the former castle in the future.
Mark Mateschitz has once again invested in Salzburg this week. The Red Bull owner has acquired the Gwandhaus on Hellbrunner Allee. This was owned by real estate developers Planquadrat, who bought the building from the Gössl company five years ago for 24 million euros. The traditional costume company is still rented in the building, but will probably have to leave when the rental contracts expire.
Nothing is known about the purchase price of the 13,000 square meter property, including the historic building. The 32-year-old only recently received the Red Bull dividend payout from 2023 - 482 million euros.
Mark Mateschitz recently made headlines when he acquired a stake in Rosenbauer, a fire equipment supplier, together with KTM boss Stefan Pierer. During the flood disaster in Lower Austria in September, he donated five million euros.
Family already owns many Salzburg buildings
Mark's father Dietrich Mateschitz had already enjoyed investing in historic buildings and revitalizing them. The recently acquired Gwandhaus also fits seamlessly into the Red Bull boss's previous Salzburg properties. The Rainerkaserne barracks in Elsbethen, including a major conversion while preserving historic buildings, the Winterstellgut in Annaberg and the Landhaus Appesbach on Lake Wolfgangsee are just a few examples. It is not known what Mark Mateschitz plans to do with the former castle in the Salzburg district of Morzg in the future.
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