Goltsblat BLP closes the "quickest" transaction of 2013
Goltsblat BLP has successfully concluded advising the Capital Group on sale of office premises in Moscow’s Legenda Tsvenogo complex to O1 Properties.
The sale of the Legenda Tsvetnogo Business Centre was the second biggest office segment investment transaction in 2013. Moreover, currently this project for sale of a real estate property of this class constituting part of a multifunctional complex is a rare one on the market.
The time involved in concluding such a large-scale transaction is also unique for the market. It took Goltsblat BLP’s lawyers less than a month to agree and prepare all the requisite documents for signing and the transaction was closed just a week after the signing, largely thanks to the experienced, professional teams acting on behalf of both the seller and the buyer.
The team of Goltsblat BLP lawyers acting for the seller in the transaction was led by Rustam Aliev, Partner, who joined the Real Estate & Construction Practice from Akin Gump Strauss Hauer & Feld at the beginning of December last year. The Goltsblat BLP team working on the project also included Ian Ivory, partner, Corporate Practice / M&A, Dmitry Ilyin, Head of Group, Real Estate & Construction Practice, Dmitry Antipin, Associate, Corporate Practice / M&A, and Edward Stewart, Corporate Practice / M&A.
Rustam Aliev, Partner, Real Estate & Construction Practice, Goltsblat BLP: “In our experience, transactions of this scale require from three to nine months’ work by the lawyers, whereas, in the case of Legenda Tsvetnogo, we managed to get all the necessary documents negotiated and signed within just a few weeks. Considering the complexity of the transaction, the borrowed financing and so on, this might be the “quickest” closing in the market’s history”.
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