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BCLP Advises Sberbank Investments On Acquisition of 50% Stake in Fairmont & Vesper Projects

BCLP Advises Sberbank Investments On Acquisition of 50% Stake in Fairmont & Vesper Projects

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Bryan Cave Leighton Paisner has advised Sberbank Investments LLC on the acquisition of a 50% interest in Mayak LLC and Prima LLC, which are implementing projects related to the construction of a five-star hotel and apartments and Moscow's "Lucky" residential quarter.

According to BCLP, the developer of both projects is Vesper, a company that develops premium clubhouses. Fairmont & Vesper is the result of a collaboration between Vesper and the luxury Fairmont Hotels chain. According to the firm, "the project consists of two buildings located in the very center of Moscow on Tverskaya Street near the Mayakovskaya metro station, in one of which the Fairmont Hotel will be located, and in the second -- apartments under the control of a global network."

Bryan Cave Leighton Paisner describes the Lucky Residential Quarter as "a unique socio-cultural cluster with modern residential buildings, historical buildings, private park areas, fitness, and a food court, which will be located next to the Ulitsa 1905 metro station."

Bryan Cave Leighton Paisner's team included Partner Matvey Kaploukhiy, Counsels Igor Zhivotov, Oksana Orlovskaya, Anna Zelenskaya, Andrey Neminuschiy, Senior Associate Denis Khramkin, and Associates Mikhail Erokhin, Elena Shelomenzeva, Vladislav Feklin, Evgenia Shirugina, and Lira Pogodina.

Bryan Cave Leighton Paisner did not reply to our inquiry on the matter.

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