The Wittelsbacher Ausgleichsfonds has purchased Bullachberg Castle, which is located not far from the world-famous Neuschwanstein Castle. The foundation now owns another historic property in Schwangau in the Allgäu region alongside its prestigious Hohenschwangau Castle. The property, which was built in 1907 and consists of several vacation apartments and other buildings, is to be rented out in future, the foundation announced on Thursday. Parts of the 19 hectares of agricultural land belonging to the castle are to be leased out.
"We are very pleased to be able to take advantage of the unique opportunity to purchase the land and the country house and to complement and round off our existing portfolio at the location in a meaningful way," said Michael Kuemmerle, Chairman of the Management Board of the Wittelsbacher Ausgleichsfonds. The fund was set up by the Free State in 1923 after the end of the Bavarian monarchy. On the one hand, the foundation is intended to preserve the cultural heritage of the House of Wittelsbach. On the other hand, the members of the House of Wittelsbach still receive millions from the compensation fund every year.