CMS Russia has advised Bazil-Activ LLC on the RUB 2 billion sale of a development project in Moscow to the Osnova Group.
The deal included rights to the land plots for the construction of the MainStreet business class apartment complex and the set of permitting documents to implement the project.
The new 60,000 square meter residential apartment complex will be built near Kutuzovsky Avenue.
Bazil-Activ belongs to Kit-Finance Trade, a part of the Kit Finance Investment Bank, which in 2014 merged with Absolut Bank, a Russian bank founded in 1993.
The CMS team was led by Counsel Artashes Oganov, supported by Associates Elizaveta Rakova, Alexander Zhuravkov, and Ophelia Amirova.