Helgstrand Dressage sells remainder of Wellington sales center for $24M

Helgstrand Dressage sold the remaining 45 acres of its Wellington sales center for $23.6 million, just two years after selling off about half of the original property.

The deal follows a tumultuous few years for the horse training and sales operation founded by dressage rider Andreas Helgstrand. In addition to a battle playing out for the horse show in Wellington, a documentary about Helgstrand’s mistreatment of horses aired last year, sending shockwaves through the equestrian community. Helgstrand himself lost his shot at competing in the Paris Olympics following the release of “Operation X: The Secrets of the Horse Billionaire.”

Records show the former Olympian’s Helgstrand Windsome LLC, a Florida entity, sold the facilities at 13625 50th Street South to Good Friday LLC, another Florida entity that bought half the farm in 2022. 

Good Friday is managed by Abraham Weissbrod, who has ties to Colts Neck, New Jersey, another heavily equestrian community, bought 35 adjacent acres at 13560 Indian Mound Road in 2022 for $11.4 million.  

The Denmark-based Helgstrand bought the 80-acre equestrian estate for $17.5 million in 2020, records show. The property, known as Windsome Farms, is one of the largest equestrian estates in Wellington, according to EuroDressage. At the time, Helgstrand wanted a year-round sales operation and facility in the equestrian village, according to published reports.

The acquisition followed two years after the firm Waterland Private Equity bought a majority stake in Helgstrand and started positioning itself for expansion in Wellington. Waterland’s Global Equestrian Group, which is Helgstrand’s parent company, bought Wellington International from developer Mark Bellissimo in 2021.Now, Global Equestrian Group is looking to sell the horse show grounds and Bellissimo is suing for the right of first refusal, the Palm Beach Post reported in May. The suit alleges that Global Equestrian Group defaulted on loans, abandoned promises to invest in the show grounds and owes a Bellissimo entity $1.2 million in rent.