Clyde & Co has advised global security and logistics company G4S in relation to a project for Deutsche Bank.
G4S will build and manage a gold bullion secure storage vault in the UK for Deutsche Bank.
This represents a growing trend for bullion storage to be outsourced by the major international banks. In fact investor demand for physical metals remains strong and numerous banks and companies are seeking to secure vaulting space as demand rises.
The third party storage market is developing rapidly with factors such as the continued rise in the price of gold, the entry into the market of gold ETFs (exchange traded funds) and the shortage of available capacity.
Nick Purnell and Sheila Donnelly lead the Clyde & Co team on the transaction.