Novaterra Appoints Citadel to Service Exclusive Spanish Resort
Camberley, Surrey, UK (May 29, 2010) — Citadel Trustees Ltd (Citadel) is pleased to announce that it has recently been appointed by Novaterra Gestión S.L. to provide bespoke Escrow and Stakeholder services to the Group for their exclusive shared-ownership program of their Resort, Arcos Gardens Golf Club & Country Estate.
This multi-award winning development is located just 20 minutes from the city of Jerez de la Frontera, home of the world’s most important sherry bodegas and is surrounded by the beautiful Andalucian countryside. Novaterra has created a unique and exclusive development, which comprises of luxury residences overlooking one of Europe’s finest golf courses. Their shared-ownership program consist of 10 4-bedroom villas that will be offered in one eighth shares, allowing for 6 weeks usage per year in addition to the upscale furnishings and amenities which include a Golf Membership.
Christopher Allen, Director, commented “We are very proud to have been appointed by Novaterra for the Arcos Gardens Golf Club & Country Estate and to be associated with such a prestigious product. Citadel will be providing bespoke Escrow and Stakeholder services, which will enhance the process through which Novaterra is able to offer their shared-ownership product to the market, bringing security and flexibility to both the Developer and the Share Owners”.
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 set-up, 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.
SOURCE: CITADEL Trustees
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