Storage for Masterpieces, Gold, Supercars, and Wine
“Security Measures Equivalent to the Swiss Central Bank”
An underground vault exclusively for ultra-high-net-worth individuals is being built 100 meters beneath the Swiss Alps, offering secure storage for assets such as art, gold, and supercars. The security measures are designed to be on par with those of the Swiss central bank.
A vault exclusively for ultra-high-net-worth individuals in Switzerland operated by Brünnigh Mega Safe AG. Brünnigh Mega Safe
According to the New York Post on August 18 (local time), a large-scale vault facility is under construction for ultra-high-net-worth individuals beneath the village of Lungern, near the Bruenig Pass in Switzerland. The facility is scheduled to open next year.
The project is being led by Swiss entrepreneur Thomas Gasser, chairman of the board at Bruenig Mega Safe. The facility will be constructed by creating approximately 20 individual vaults placed 100 meters below solid bedrock.
The vault will accommodate a variety of valuables, including high-end artwork, gold, vintage Ferraris, and wine. According to the developer, the level of security is expected to rival that of the Swiss National Bank (SNB).
Gasser told Swiss public broadcaster RTS, “First, you must pass through a special checkpoint and leave your vehicle,” adding that “multiple layers of security checks will be in place, though specific details will not be disclosed.”
According to the developer, clients will not merely rent space; instead, each vault will have a unique land registry number, allowing it to be used as collateral if desired.
The cost of using the facility is also substantial. Each underground vault is offered under a 99-year contract, with prices starting at around 1 million Swiss francs (approximately 1.743 billion won).
The underground area currently under construction was once used for more public purposes. It previously housed establishments such as ‘Cantina Caverna,’ which served as a restaurant and event venue, as well as a shooting range and a training facility for firefighters.
Opinions among Lungern residents are divided regarding the project. One resident commented, “I don’t understand why such facilities are being built for people who already have enough money.”
In contrast, some residents responded jokingly, saying they look forward to seeing the Ferraris entrusted to the new vaults driving on the surrounding Alpine roads.
This is not the first time that underground mountain spaces in Switzerland have been used to store valuables. Many bunkers originally built for military purposes have been repurposed as secure storage facilities or data centers.
According to Presence Switzerland, an agency under the Swiss Federal Department of Foreign Affairs, as of 2024, the total assets managed by Swiss banks amount to about 9.3 trillion Swiss francs (approximately 16,203 trillion won). About half of these assets belong to overseas clients.
However, the facility being established in Lungern aims to serve a global clientele of ultra-high-net-worth individuals, going beyond existing underground storage sites. It targets the demand for safely storing the world’s most expensive assets as geopolitical uncertainty rises.
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In fact, in recent years, a number of global billionaires have built mega-bunkers. For instance, it has been reported that Mark Zuckerberg, CEO of Meta, has secured a large site in Hawaii where he is constructing an underground shelter with its own food and water supplies as well as emergency exits.
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