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CMS Advises on Sale of MainStreet Residential Complex Construction Project to Osnova Group

CMS Advises on Sale of MainStreet Residential Complex Construction Project to Osnova Group

Russia
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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.

Russian Knowledge Partner

Founded in 1993, Egorov Puginsky Afanasiev & Partners is the leading full-service law firm in the CIS with offices in Russia, Ukraine and Belarus and associated offices in the UK, the USA and Cyprus.

We advise its clients in many areas of law, including: dispute resolution in Russia and abroad, corporate law, M&A, antitrust issues, project finance and PPP, restructurings and insolvencies, energy and natural resources, property management and privatization, environment, technical regulation and industrial safety, banking and finance, intellectual property, criminal law, real estate and construction, taxation, family and labour disputes, marine and transport law, and international trade and customs.

We combine high academic qualifications, internationally acknowledged moral and ethical values, senior partners' professional experience and practical abilities with the vigour and knowledge of younger attorneys that enables thus providing clients with reliable, first-class service according to both Russian and western standards through a flexible structure.

All News about, and Legal Analysis by, Egorov Puginsky Afanasiev & Partners can be found here.

Firm's website: www.epam.ru

 

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