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Novaterra appoints Citadel to service exclusive resort

Posted by • May 28, 2010 • Printer-friendly
Arcos2 Novaterra appoints Citadel to service exclusive resort

Arcos Gardens Golf Club & Country Estate

Spanish resort developer Novaterra has appointed Citadel Trustees Ltd to provide bespoke escrow and stakeholder services for the shared-ownership programme at its resort Arcos Gardens Golf Club & Country Estate.

The award-winning Spanish development, which is a member of The Registry Collection, the world’s largest luxury exchange programme, is located 20 minutes from the city of Jerez de la Frontera, home of the world’s most important sherry bodegas, and surrounded by the Andalucian countryside.

The exclusive development is comprised of luxury residences overlooking one of Europe’s finest golf courses. Its shared-ownership programme consists of 10 four-bedroom villas that will be offered in one-eighth shares, allowing six weeks’ usage per year in addition to the upscale furnishings and amenities that include a golf membership.

Citadel Trustees director Christopher Allen, said: “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 specialises 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.

• Hutchinson & Co Trust Company Ltd offers trustee services for traditional timeshare and Vacation Club products, while its subsidiary Citadel Trustees Ltd offers bespoke structures for Fractional products, as well escrow and stakeholder services. It is UK FSA authorised and regulated, and specialises in products which have an investment element and could be deemed an Unregulated Collective Investment Scheme.

For further information visit www.hutchtrust.co.uk or www.citadeltrustees.com, contact Chris Allen by email at chrisallen@citadeltrustees.com, or call the company’s UK Head Office on +44 (0)1276 482000.

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