Xania: CS banker heads new "Equity Solutions" subsidiary
David Helfenstein heads the new company, which will offer co-investments for wealthy individuals and family offices.
The Zurich-based real estate developer Xania Real Estate is launching its service subsidiary Xania Equity Solutions AG (Xesag). The newly founded company will offer family offices and wealthy individuals co-investments in the premium residential sector. Banker David Helfenstein will lead the company as a partner and managing director. According to Xania itself, it worked with two family offices to establish its subsidiary Xesag.
Xania always invests with
The offering includes private credit solutions, equity co-investment structures and the active management of investors' real estate portfolios. Xesag co-invests in each project itself - "for the benefit of investors' capital protection", as it says. In addition, Xesag does not charge any fees or royalties for its services. A purely performance-based fee is only charged in the event of above-average fulfillment of the return promise.
Helfenstein's last position at Credit Suisse, where he has worked for 15 years, was as Director in the "Team Head Construction & Real Estate Zurich" function.
According to Xania, it has realized twelve projects to date and is currently planning "over 600 premium apartments on 70 A-list properties in the greater Zurich area". (aw)
