Profitable Developments partners with Crystal Investment & Real Estate
US property development company Profitable Developments has agreed to partner with European real estate company Crystal Investment & Real Estate.
Crystal has over USD10m worth of real estate on its books and was picked as the partner of choice by Profitable Developments because of its global reach. The company has exclusive access to both prime land and property in Asia, Europe, South America and the US.
President of Profitable Developments, Carl Grant, made the trip to meet managing director of Crystal, Luke Smith, recently and agreed the partnership and spent the day hand picking the right projects for the company to invest in.
Grant says: "Crystal has the right mix of prime land, social housing and bond investment vehicles that we were after. They complement our blend perfectly with the level of risk and reward that the board of PRDL are looking for. This is a great partnership that will result in an aggressive acquisition strategy of global real estate."