Citadel Trustees Ltd (Citadel) is pleased to announce that it has recently been appointed by the Petevinos Group to provide bespoke Trustee and Stakeholder Services to this highly acclaimed Cypriot Developer for their exclusive Fractional Resort, Sunset Springs Hotel & Resort Suites.

Christopher Allen, Director, commented: "This is further recognition of the high value that our bespoke Trustee services offer to new developers looking to enter the fractional market and Citadel is very proud to have been appointed by Petevinos. Not only will we be working closely with the team at Petevinos during the drafting stage of the Project Documentation, but we will also be offering our bespoke Escrow and Stakeholder Services, so enhancing the process through which the developer will be able to offer their fractional product to the market".

This modern and luxurious development, which comprises of one hundred and twelve fully furnished one and two bedroom apartments, is located just 10 minutes drive from Limassol and is adjacent to the up and coming Lanitis Golf Course. Amongst some of the key features and amenities, there will be a large outdoor pool, tennis court and wellness health spa and fitness room. Fractional owners at the Sunset Springs Hotel & Resort Suites, which is expected to be completed by Autumn 2011, will not only be able to enjoy the excellent resort facilities, will also be offered an exclusive Concierge Service and have free membership of the famous Aphrodite Golf Club. As well as enjoying the wonderful beaches and scenery of this delightful island, owners will also have access to worldwide luxurious accommodations through the portfolio of resorts offered by The Registry Collection.

Sales and marketing will begin initially in the UK and will be promoted by Pure Cyprus Invest, which is the UK Sales and Marketing Division of Petevinos and is headed up by David and Pam Prince who have many years experience in the overseas property markets.

In addition to providing Trustee services for the shared-ownership industry, Citadel also specializes in emerging products, such as green energy products, requiring Stakeholder, Trustee and Escrow services, as well as Hotel buy-to-let schemes and other leisure related investment products. Citadel has grown rapidly over recent years and is authorized by the UK Financial Services Authority to establish, operate and wind up Unregulated Collective Investments Schemes, an area of business which has seen very strong growth in recent years and one which will be of particular focus for the company in the future. The Group now boasts offices in the UK, Spain, India, Thailand and China and is involved with projects valued at over $2.5 billion.

For further information about Citadel, please contact Christopher Allen, Director, Client Services and Business Development, by email at chrisallen@citadeltrustees.com or, call the company’s UK Head Office on +44 (0) 1276 482015/16.