Corporate services provider Crestbridge has expanded its team in Jersey that administers global real estate structures as it gears up to support further sustained growth in this area throughout 2014.
In response to a busy start to the year and a projected rise in future business flows, Crestbridge has welcomed Simon Todd as a Director in the Real Estate team and added Erin McBride as a manager within the division.
Taking on a senior role in the team, Simon has over 28 years of property experience, including transactional experience of financing and holding structures in the UK, Europe and in other offshore jurisdictions. He was previously Director and Head of the Offshore Real Estate Finance team of a major offshore bank and before that in the corporate services department of a national property consultancy. Simon is also a Chartered Surveyor and Corporate member of the Institute of Revenues Rating and Valuation.
In addition, Erin joins Crestbridge with over 8 years’ professional experience in real estate and financial services. A New Zealand-qualified lawyer, she has previously provided legal support to directors and trustees in relation to a variety of complex structures and transactions across multiple jurisdictions. In her new role, Erin will help manage the administration of clients’ portfolios and provide support in reviewing transactional documentation. She is also a member of the Society of Trust and Estate Practitioners.
Crestbridge’s real estate team specialises in providing high quality administration services to real estate holding structures, working with a wide range of investors from large property and insurance companies to pension funds, boutique private firms and individuals.
Commenting on the growth of the team, Christopher Bennett, Managing Director and Head of Crestbridge Real Estate, said:
“We have seen a real spike in demand for quality real-estate administration services through Jersey recently, particularly relating to investment in high value residential and commercial property. As a result, we are expanding our real estate services team and I am delighted that Simon and Erin, who have proven expertise have joined us. Crestbridge already administers structures holding property assets valued at over US$14 billion across the UK and Europe and, driven by a rising global demand for good governance, market knowledge and experience of working with complex cross-border structures, we are anticipating further growth in the months ahead.”
Crestbridge’s real estate service complements its wide portfolio of business areas, including fund services, corporate, capital markets and family office services. The firm has a 15 year pedigree in financial services, administers over US$50 billion of assets across multi-jurisdictional structures, and supports a broad range of blue chip corporate clients.