Derwent London plc has exchanged contracts with LaSalle Investment Management ("LaSalle"), the global real estate investment manager, to acquire a minimum 175-year long leasehold of 20 Farringdon Road, Clerkenwell EC1 in London’s Tech Belt. LaSalle will retain the building’s virtual freehold with the right to receive 10% of all rents.
TenneT, Statnett and KfW have signed a cooperation agreement regarding the construction of NordLink and thereby made the final investment decision for this interconnector project.
The 623 km long high voltage direct current (HVDC) link with a capacity of 1.400 megawatts shall increase both security and efficiency of supply and support the integration of the European electricity market. It is considered a milestone for the successful implementation of the German Energiewende (“energy turnaround”).
Thommessen assist Golden Ocean with the creation of the first capesize chartering company in a decade.
The new joint venture company has been established by five drybulk shipowning groups, including Bocimar International NV, C Transport Maritime, Golden Union Shipping Co S.A., Golden Ocean Group Limited and STAR BULK CARRIERS CORP.
DLA Piper has advised the Vienna based drug developer Panoptes Pharma in connection with a strategic partnership with Mediolanum Laboratoires Leurquin S.A, a subsidiary of the Italian pharmaceutical company Mediolanum Farmaceutici S.p.a.
Mitsubishi Heavy Industries, Ltd. (MHI) and Siemens AG announced the joint venture in the metallurgical industry between Mitsubishi-Hitachi Metals Machinery, Inc. (itself a joint venture between MHI, Hitachi and IHI Corporation) and Siemens. The new company is named Primetals Technologies, Limited and has its headquarters in London.
A team of lawyers from Esin Attorney Partnership, a member firm of Baker & McKenzie International, has advised Ideal Standard Sanitaryware Holding Ltd. (Ideal Standard) in connection with its joint venture with Ece Banyo Gerecleri Sanayi ve Ticaret A.S (Ece Banyo), a manufacturer of Turkish sanitary ware. The JV company, Ideal Standard Yapi Malzemeleri Anonim Sirketi, will focus on selling and distributing sanitary ware in Turkey and the Turkish Republic of Northern Cyprus. The deal was signed and closed on February 2, 2015.
King & Wood Mallesons has advised long standing client Nicox S.A., a pharmaceutical company listed on the NYSE Euronext Paris, on a development and licensing deal with Insite Vision Incorporated of the USA.
Addleshaw Goddard's has advised on one of the most significant professional partnership deals in the City. The firm advised Miller Insurance Services LLP (Miller), the specialist insurance and reinsurance broker, on its agreement with Willis Group Holdings plc (Willis), the leading New York listed and global risk advisor, to combine their wholesale businesses to form a separate London wholesale specialist broking firm, which will operate under the Miller brand and be managed, governed and regulated as a standalone legal entity and separate Lloyd's broker.
AC Immune SA enters into a worldwide exclusive license agreement and research collaboration with Janssen Pharmaceuticals (Johnson & Johnson, NYSE: JNJ) to develop and commercialize therapeutic anti-Tau vaccines for the treatment of Alzheimer’s disease and potentially other tauopathies, including the lead therapeutic vaccine, ACI-35, that is currently in a phase Ib clinical trial in Alzheimer’s patients.
The Corporate team at the Leeds office of law firm Irwin Mitchell has advised Trillenium UK Limited on a joint venture with ASOS Ventures Limited, the venture capital arm of ASOS plc.
The deal sees ASOS Ventures take a minority shareholding in Trillenium. Together, the two companies are to looking to explore the options for developing a unique 3D interactive shopping platform.