Fractional Ownership News

Citadel and Best Group form partnership

Citadel Trustees Ltd (Citadel) has announced it has 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.

Citadel director Christopher Allen said: "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”.

The two companies say they have been closely examining the fractional market for some time, 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.

The new service will 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.

Brad Lincoln, CEO of Best Group said: “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”.

www.citadeltrustees.com
www.thebestgrp.com

30/10/09
 

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