MOVERS & SHAKERS
ACQUISITIONS
OPENINGS
LAUNCHES
MERGERS
Christopher Pace has been appointed as Managing Director of the new Chesterton Humberts International office in Malta, operating under the firm’s international brand, Chesterton, the company’s 18th international office. Starting his career in the
CHESTERTON HUMBERTS OPENS OFFICE IN MALTA international office.
Andrew Hawkins, head of
financial industry, Pace was responsible for establishing the Global Capital Group in Malta as a financial services provider in the late 80s, of which he later became the chairman. He is a founding member of the Malta Stock Exchange. Pace later moved into property and was involved in launching Malta’s landmark three-tower mixed use development, Metropolis. Pace has over 28 years’ experience of the Maltese financial and property markets and he will be drawing on his local knowledge and contacts to grow the business and create a successful new
international at Chesterton Humberts, says, “Malta has always been a popular destination especially amongst the British. Its low-tax regime is making it increasingly more attractive for both companies and downsizers to relocate to. A British colony for over 200 years, Malta has many of
the cultural and legal characteristics that investors and holiday home owners will find comforting.”
Christopher comments, “I am looking forward to being a part of such an internationally respected firm and helping grow and establish the brand in Malta. I’m delighted to be working for a company with the vision and commitment to pursue growth in Malta, a destination that many may not consider at first glance.” Robert Bartlett, Chief Executive
of Chesterton, says, “I am delighted that Chris and his first class team have joined us. Malta fits perfectly into our growth strategy for overseas offices and in particular it dovetails beautifully with our extremely successful business in Gibraltar in terms of tax planning within a fully accredited EU regime for HNWs. This summer will see a continued growth to the Chesterton overseas business.”
ASSETZ EXPANDS INTO SOUTH EAST
Assetz has opened a new London office for its buy to let division, based in Mayfair’s Berkeley Square. The buy to let specialist will offer a more personal service to its investors in the South and build stronger relationships with London developers through its new branch, headed by newly promoted Head of London Business Development, Michael Sacks.
The UK buy to let market
continues to perform strongly as a result of a healthy private rental sector and high demand from cash rich investors seeking a high quality and safe home for their cash, to deliver a reliable income in retirement. Michael Sacks joined Assetz
Will Gough, Ivan
Georgiev, Alex Vinter, Faye Hendricks, Ross Barnes.
EDMUND CUDE ACQUIRES WEST END AGENCY
London’s oldest lettings agency, Edmund Cude has consolidated its reach across central London following the acquisition of Coutts de Lisle, a lettings and management agency based in Earls Court. The acquisition is the second
in two years for Edmund Cude, who bought West Hampstead based West End Estates in May 2010.
The lettings specialists can
now offer landlord and tenant clients from each of their six offices exposure to a broad
range of lettings opportunities stretching across West London, including hot-spots of Kensington, Chelsea, Notting Hill, Hammersmith and Fulham. Robert Nichols, Director, Edmund Cude said, “This is an exciting time for Edmund Cude. Coutts de Lisle has been offering a professional and dependable service for thirteen years and we look forward to building on this service, incorporating our own extensive, London-wide
expertise that we have developed over 190 years in the business. “West London’s lettings
market holds huge potential and we are excited to become a part of the community in Earls Court. As a lettings-only specialist, our ARLA trained staff will be well placed to offer advice to prospective landlords and tenants looking to take advantage of the multitude of rental opportunities available in the local area.”
two years ago as part of the UK Sourcing Team. The company aims to grow the London office to the size of the existing Manchester office within the next two years. Michael said, “Assetz
already deals with many of the most reputable developers in the country, but given the rate at which our database of investors is growing, we needed to be available for daily face to face meetings with developers, agencies and our customers in London and the South East.” Stuart Law, Chief Executive of Assetz, added, “London and south-eastern property has an important role to play for many of our investors who wish to balance the strong rental yields from regional buy to lets with the greater current capital appreciation of property in the South, as part of a balanced portfolio.”
PROPERTYdrum JULY 2012 63
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