Clifford Chance has advised the New York investment company Madison International Realty on the establishment of a joint venture with the investment manager Peakside Capital for the acquisition of Frankfurt Airport Center 1 (FAC 1) and on the purchase itself.

Clifford Chance also advised on the subsequent acquisition financing via the new joint venture. The property is being sold by UBS Real Estate GmbH on behalf of its UBS (D) Euroinvest Immobilien fund. Peakside will take over the operational management of the property.

Baker McKenzie acts for ASC Shipbuilding Pty Ltd regarding its joint venture with Perth-based Forgacs Marine & Defence Pty Ltd (Forgacs, owned by Civmec Construction and Engineering Pty Ltd (Civmec)) to offer a low risk, commercial shipbuilding solution for the Offshore Patrol Vessel (OPV) program, known as SEA 1180. The OPV program is a Federal Government c.$3 billion project to build 12 new offshore patrol vessels for the Royal Australian Navy.

Epigenomics AG, Cathay Fortune International Company Limited ("CFIC") and Blitz F16-83 GmbH (in the future Summit Hero Holding GmbH, "Bidder"), a subsidiary of CFIC, have entered into a business combination agreement ("BCA") regarding the takeover of Epigenomics by the Bidder. Other than by CFIC, the Bidder will also be indirectly owned by the largest current shareholder of Epigenomics, Biochain, the strategic partner of Epigenomics and a subsidiary of Team Curis Group. Under the terms of the BCA, Epigenomics shareholders will be offered EUR 7.52 in cash per each ordinary share.

We represented Norsepower Oy, a Finnish clean-technology and engineering company, in a joint project with Maersk Tankers, Shell Shipping & Maritime and the UK’s Energy Technologies Institute.

The joint project involves the installation and trial of Norsepower’s ground-breaking wind rotor propulsion system on one of Maersk’s product tanker vessels and is set to demonstrate the benefits of Norsepower’s technology on global shipping routes. The joint project will assist Norsepower in expanding its business internationally.

Ashurst has advised long standing client Invesco Real Estate (IRE), a global real estate investment manager, in relation to the acquisition of a 50% interest in one of London’s largest shopping centres, the 630,000 sqft Southside Shopping Centre in Wandsworth, South London, resulting in a new 50/50 partnership with listed property company, Land Securities plc who will take over the asset management of the centre from Delancey.

Trowers & Hamlins has advised Hambleton District Council on a joint venture with Wykeland Properties Limited to develop the former H.M. Prison Northallerton as a major mixed-use regeneration project in central Northallerton.

International law firm Eversheds Sutherland has advised Autoliv, the worldwide leader in automotive safety systems, in the formation of the joint venture “Zenuity” with Volvo Cars of Sweden for the development of software for autonomous driving and advanced driver assistance systems. It marks the first time a premium car maker has joined forces with a tier one supplier to develop leading advanced driver assist systems and autonomous driving technologies.

Hong Kong and Palo Alto – Paul Hastings, a leading global law firm, announced today that the firm advised Sino-Ocean Land (“Sino-Ocean”), one of the largest real estate companies in China, on its partnership with U.S.-based wellness real estate and technology firm Delos to advance health and wellness in the built environment in China. Sino-Ocean and Delos first announced their partnership in December 2015 pledging to promote health and wellness in China by transforming indoor environments.

The Firm is representing Ant Financial Services Group (“Ant Financial”) in connection with its strategic partnership with PT Elang Mahkota Teknologi Tbk (IDX: EMTK) (“Emtek”). The two companies are setting up a joint venture to launch a new mobile platform for payment and other financial services and to increase accessibility of digital financial services in Indonesia.

Roschier advised Autoliv, the worldwide leader in automotive safety systems, in the formation of a joint venture, Zenuity AB, together with Volvo Cars to become the world leader in the development of software for autonomous driving and advanced driver assistance systems. It marks the first time a premium car maker has joined forces with a tier one supplier to develop leading advanced driver assist systems and autonomous driving technologies.