Proptech: Estating opens location in Switzerland
Prop-Fin-Tech Estating has established a Swiss subsidiary and opened its fourth location worldwide in Zurich.
The Chief Executive Officer (CEO) of the new subsidiary Estating Suisse is Daniel Vegue Dominguez, co-founder and Chief Client Officer at Estating. The company, which was founded just one year ago, is currently represented in Luxembourg, Berlin and Yeriwan. The Zurich location is intended to serve as a "wealth management hub", according to Estating. With the start of operations, four people will be working in Zurich; the company employs a total of 25 people.
According to Daniel Vegue Dominguez, demand from Switzerland for Estating's product is high and the company has a large network here. Therefore, the market entry was logical.
Via Estating, investors can acquire shares in individual properties worldwide from a sum of EUR 50,000 and compile their own portfolio. To this end, the company has developed Real Estate Linked Certificates (RELINC), which are certificates denominated in a real estate investment fund. The securities, which are issued under Luxembourg law, have their own securities identification number (ISIN) and are therefore eligible for banking and custody. The investment product combines "the advantages of direct investment with those of a security at significantly lower costs and higher net returns", Estating believes. (ah)
