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Capital Legal Services Advises on ADG Group Lease to Lenta

Capital Legal Services Advises on ADG Group Lease to Lenta

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Capital Legal Services has advised the ADG Group on the engagement of Lenta as a key anchor tenant for 36 of its 39 district shopping and entertainment centers.

According to a CLS press release, "in the course of providing legal support for the transaction, Capital Legal Services held successful negotiations with Lenta not just on legal issues, but also on commercial, construction, operational, and financial issues. The parties have noted the general complexity of the deal, mostly due to the fact that it was negotiated at the initial stage of the ADG Group project on reconstructing Soviet movie theaters into modern recreation centers."

Grigoriy Pecherskiy, ADG Group Managing Partner, described the transaction as "the largest package lease deal on the Moscow commercial real estate market both by the number of facilities and by the floor area." According to Pecherskiy, "it was important for us to find an experienced partner with a spotless reputation, quality portfolio and thought-out strategy for providing legal support for this transaction, and Capital Legal Services became such partner. We are pleased with the work done and, most importantly, with the achieved results.”

The Capital Legal Services team was led by Partner Elena Stepanova supported by Senior Associate Aleksey Zolotukhin. 

Lenta did not retain external counsel on the deal. 

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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