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Briefing Notes

Druces crowned International Legal & Fiduciary Team at the WealthBriefing European Awards 2020

Druces, one of Europe’s industry leaders has been crowned ‘International Legal & Fiduciary Team’ at the 8th Annual WealthBriefing European Awards.  Showcasing ‘best of breed’ providers in the global private banking, wealth management and trusted adviser communities, the awards were designed to recognise companies, teams and individuals which the prestigious panel of judges deemed to […]

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Druces announces new Head of Private Client

Druces today marks an important changing-of-the-guard in its highly-regarded Private Client team.  After 15 years at the helm, Richard Monkcom steps down from leadership of the department. He is replaced by Robert Macro who becomes Druces’ new Head of Private Client. Robert commented: “Under Richard’s leadership the department has grown in size and stature and […]

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Druces advises SigmaRoc plc on the acquisition of leading quarrying group GDH (Holdings) Limited

Druces’ Corporate and Real Estate teams have advised long standing client SigmaRoc plc (“SigmaRoc”), in connection with the completion of the acquisition of the remaining 60 per cent. equity interest in GDH (Holdings) Limited (“GDH”), a significant quarrying group located in South Wales. The consideration was funded through internal resources following strong cash generation during […]

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Druces advises BLME on £6m Sharia’a compliant property refinancing

Druces has advised the Bank of London and The Middle East plc (BLME) on its successful Sharia’a compliant refinance of a £6 million London property for a high-net-worth private client. This was led by Real Estate Partner, Gemma Wright, and Corporate Senior Associate, Claire Rigby alongside Hatstone Lawyers in Jersey. Gemma Wright, Partner, said: “We […]

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Druces advises Savannah Resources PLC on its £2.34 million placing

Druces’ Capital Markets team has advised Savannah Resources PLC, in connection with an accelerated bookbuild placing to complete a raise of gross placing proceeds of £2.34 million. finnCap and W H Ireland acted as joint brokers in respect of the placing, with SP Angel acting as Nomad. The net proceeds of the placing will be […]

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Heads of terms for commercial leases in 2020

There has been a lot of discussion recently about tenants – in the uniquely difficult circumstances of 2020 – who are trying to escape their lease. But what about those who are looking to enter into a new lease in this market?  The first step, as always, is to settle the key points of the […]

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Real Estate e-bulletin – Issue 10

Welcome to the summer edition of our Real Estate newsletter. The case reports contained in this edition show that, despite the ups and downs occasioned by responses to the pandemic, the day to day system rolls on… As ever we are here to try to help you navigate your way through these tricky waters. We […]

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