Chesterton Humberts opens office in Malta
Tuesday 15th May 2012
Christopher Pace, an experienced financial services and property consultant, has been appointed as managing director of the new Chesterton Humberts International office in Malta.
The new Malta office, operating under the firm’s international brand, Chesterton, will be the company’s 18th international office, and is in line with the firm's ongoing strategy to expand into new international markets.
Starting his career in the 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 office.
Andrew Hawkins, head of international at Chesterton Humberts, comments: “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.”
He adds: “Malta has transformed itself over the past 25 years into a regional financial hub and is seen by many as a bridging point between Europe, and the Middle East and North Africa. We are delighted that Christopher and his team are introducing Chesterton to this beautiful island.”
Christopher Pace says: “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. I believe that the tax benefits and the attractive lifestyle will attract a varied range of investors looking for opportunities in Maltese real estate, proving the expansion to be a very astute business move.”
Robert Bartlett, chief executive of Chesterton, comments – “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 HNW’s. This Summer will see a continued growth to the Chesterton overseas business.”
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