Irish investor
What is now to become of Stronach’s Magna Racino
The Comer Group, led by billionaire Luke Comer, has successfully completed the takeover of the Magna Racino in Ebreichsdorf (district of Baden), according to information released on Thursday. The Lürßen Group has sold to the Irishman. The new managing director Siegmund Kahlbacher was quoted as saying that the company was "determined to leverage the potential of the Magna Racino and to work together with the town, the state and the district on the development of innovative projects".
According to a press release, the Magna Racino, which was last run under the name Ebreichspark, will be called Comer City in future. There are various ideas and concepts for a new chapter to be opened, but the management will "coordinate" these accordingly. Official meetings are to begin in February "to work out a common path for the future".
Stronach built equestrian sports park
The history of the Magna Racino dates back to the early 2000s, when the site was taken over by Frank Stronach. The opening of the horse racing resort was celebrated in spring 2004. It closed at the end of the 2007 season. The economic expectations had not been met.
According to Thursday's press release, Kahlbacher had been trying to find partners since 2017. Sakoyah Beteiligungsverwaltungs GmbH, a subsidiary of the Vienna Holster Private Foundation of Bremen shipyard owner Peter Lürßen, became the new owner in 2020. The Comer Group, which specializes in real estate development, is now taking over the company.
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