A new project beneath the Brünig Pass in the Swiss Alps is offering the world's wealthiest individuals a highly secure location to store their most valuable possessions. Swiss businessman Thomas Gasser, chairman of the board of Brünig Mega Safe, is behind the development of a network of private vaults designed to resemble a natural fortress.
The complex will feature approximately 20 underground vaults buried more than 100 meters beneath solid rock. Developers state that the security measures will rival those of the Swiss National Bank.
Each vault is being offered on a 99-year lease, with prices starting at nearly 1 million Swiss francs, equivalent to about $1.23 million. Gasser's family company, which has a long history in underground operations and quarrying, is overseeing the construction.
The project is expected to open next year, and access will involve multiple security checkpoints, with the exact procedures kept confidential. Clients will own their vault space, with the option to register it and even mortgage the property.
The site previously housed facilities such as a restaurant, event venue, shooting range, and a firefighter training center. The current development aims to cater to a global clientele seeking a protected storage solution amidst increasing global uncertainty.
Switzerland has a history of utilizing underground spaces for secure storage, with former military bunkers repurposed for safekeeping of valuables and data centers. In 2024, Swiss banks managed approximately 9.3 trillion Swiss francs in assets, with a significant portion originating from abroad. This new venture in Lungern expands on that concept by offering bespoke luxury storage for the ultra-rich.