Helgstrand Dressage Completes Purchase of Wellington Showcase Estate as USA Sales Center
1 year ago StraightArrow Comments Off on Helgstrand Dressage Completes Purchase of Wellington Showcase Estate as USA Sales Center
WELLINGTON, Florida, Jan. 24, 2020–Helgstrand Dressage completed the purchase Friday of Windsome Farms, a showcase equestrian estate in Wellington, to become the Danish firm’s permanent USA sales center.
The price was not confirmed but the farm with 52 horse stalls on 80 acres/32.2ha was most recently on the market for $25/€22.5 million. It had been listed as high as $65 million.
“It’s been an exciting three-year journey with Andreas and his team to earmark and secure the ideal property to meet the needs of their growing business and vision,” said Matt Johnson, a realtor with Engel and Voelkers. “I’m proud to say I believe we found the perfect fit, and one with a great upside potential from an investment standpoint. Today is a happy day, we closed the transaction and I was able to be the first to congratulate Andreas and his team on their beautiful new home in USA!”
The estate was reported by dressage-news.com a month ago as under contract to Helgstrand, based in Aalborg, Denmark. The company was founded in 2008, has operated its U.S. business for the past three winter seasons from a farm nearby under the management of Dr. Ulf Möller.
Wellington is the home of the Global Dressage Festival, the Winter Equestrian Festival and Deeridge Farms of jumpers and hunters and International Polo Club.
The equestrian estate, built in 1995, includes a large barn and a grass grand prix field with natural jumps and hills, in addition to owner’s and a riders’ lounges, each equipped with bathrooms and kitchenettes. It includes three training rings, 16 grooming stalls, six wash stalls, a tack room, a bridle path that surrounds the property and four man-made lakes.
Helgstrand Dressage and Paul Schockemöhle of Performance Sales International of Germany came to a cooperation agreement on sales and breeding in 2018 shortly after Helgstrand was the dressage title sponsor at the World Equestrian Games in Tryon.
Earlier in 2018, Helgstrand Dressage and Waterland Private Equity formed a financial partnership. Waterland became the majority shareholder in Helgstrand Dressage that has annual revenues of more than €50/US$55.5 million.