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Kachkin & Partners Advises Sirin Development on Sale of St. Petersburg Logistics Complex to Central Properties

Kachkin & Partners Advises Sirin Development on Sale of St. Petersburg Logistics Complex to Central Properties

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Kachkin & Partners has advised Sirin Development on the sale of the Nordway logistics complex near St. Petersburg to investment development company Central Properties.

According to Kachkin & Partners, Sirin Development is "one of the largest owners of storage facilities in Russia, Latvia, and Lithuania." According to the firm, "the A Class warehouse complex currently operates and covers an area of 107 thousand square meters; the sale transaction amounted to more than RUB 4.5 billion, which made it the biggest ... on the St. Petersburg warehouse real estate market in 2021.”

The Kachkin & Partners team was led by Partner Dmitry Nekrestyanov.