Press Release Friday 30^th October 2009: Citadel Trustees Ltd enters into a strategic partnership with Best Group

 

Citadel Trustees Ltd (Citadel) is pleased to announce that it has recently entered into an exclusive Mutual Co-Operation Agreement with Best Group, thus enabling the company to expand its B2B services to a much wider developer client base.

 

Christopher Allen, Director, commented "Citadel is very proud to have entered into such a strategic alliance with Best Group due to the close underlying synergies between both companies and this new relationship will allow us to not only offer our bespoke Trustee and Stakeholder Services to a much wider market, but also enhance the process through which a developer will be able to offer his fractional product to the market”.

 

Citadel and Best Group have been closely examining the Fractional market for considerable time now and have identified the need for a one-stop service, which offers a professional and cost effective package of key commercial, legal and trustee services to real estate developers looking to enter the Fractional market. This unique service will in essence mean, that once Best Group has taken the developer through the initial commercial feasibility phase, then Citadel will structure the legal framework for the project making it a more streamlined and cost effective process, giving greater credibility to the fractional product as well as enhancing its operational efficiency.

 

Best Group, www.thebestgrp.com, which at the recent 2009 OPP Industry Awards received the Highly Commended accolade in the category of OPP Best Fractional Service Award 2009, holds a prominent position in the Fractional market where it is highly regarded for its services to real estate developers, particularly in Europe, the Caribbean and Central America. Brad Lincoln, CEO Best Group commented:  “We are really pleased to be able to offer fractional structures and trustee services for fractional developers through this partnership with Citadel Trustees. Citadel has an excellent reputation in the market and a team with decades of experience worldwide. Being able to project manage the entire setup of the fractional scheme with a trusted partner will enable us to help developers get to market more quickly and cost effectively, using the experience of a strong team backing them”.

 

Citadel Trustees Ltd., which is also authorized and regulated by the UK Financial Services Authority, is a fully owned subsidiary of Hutchinson & Co Trust Company Ltd. which has been operating for twenty-five years, and was formed as a specialist Trustee with a principle focus on emerging products, in particular those requiring stakeholder and escrow activities, as well as Hotel buy-to-let schemes and other leisure related investment products. Citadel operates its Head Office out of Camberley, Surrey and has branch offices in Spain, Thailand, India and China. For further information about Citadel, please visit www.citadeltrustees.com Alternatively, contact Christopher Allen, Director of Client Services and Business Development, by email at chrisallen@citadeltrustees.com or, call the company’s UK Head Office +44 (0) 1276 482015/16.