White & Case has advised Russian online search provider Yandex on its proposed acquisition of rights to a four hectare plot of land in Moscow for the construction of its new headquarters.
The total acquisition cost of the land will be approximately USD 145 million.
White & Case advised Yandex on a series of agreements with the owner of the principal facility, which is located on Kosygina Street in Moscow, as well as other owners of smaller adjacent facilities. The closing of the acquisition remains subject to certain conditions, including approval by the Moscow City Government.
The White & Case team was led by London and Moscow-based Partner Eric Michailov and Moscow-based Counsel Daria Plotnikova and included Moscow Local Partner Ekaterina Logvinova, Counsel Pavel Boulatov, and Associates Timofey Neklyudov, Evgeny Chernyavsky, Adel Shageev, Maria Kulmukhametova, and Alexander Sysoev.
White & Case did not reply to our inquiries about the deal.