Kachkin & Partners has advised real estate developer Krasnaya Strela on the sale of a business-class residential development project on Moskovsky Prospekt in Saint Petersburg, including the 2.63-hectare plot, building permits, and RUB 6.3 billion in financing provided by the DOM.RF Bank, to developer E.Development of Moscow.
DOM.RF is a Russian state-owned mortgage and construction bank.
According to Kachkin & Partners, "the acquisition of a plot with ready-made permits will allow the new owner, E.Development, to start implementing the project and go on sale as soon as possible."
The Kachkin & Partners team was led by Partner Dmitry Nekrestyanov.
Kachkin & Partners did not reply to our request for more information.
