Bryan Cave Leighton Paisner Russia advises Leader-Invest / Etalon on sale of a multi-storey business centre to Raiffeisenbank
Bryan Cave Leighton Paisner Russia (formerly Goltsblat BLP in Russia) has successfully advised the combined company of Leader-Invest / Etalon – a Sistema major full cycle developer – on sale to Raiffeisenbank of an office building to be built as part of the high-rise urban development at Nagatino i-land. The new 16-floor business centre will have an area of 34,000 sq.m.
This is the biggest deal on the office real estate market this year so far and the first built-to-suit deal on the Russian office market.
Construction is to be completed in 2022.
BСLP Russia’s team was led by Partner Rustam Aliev and included Counsel Dmitry Ilyin (Real Estate and Construction), Partner Tatiana Parshak and Associate Artemiy Bondarev (Banking and Finance).
About Leader-Invest / Etalon: Leader-Invest is a full cycle development company, number one in the number of projects in Moscow. It focuses on Comfort+, Business and Premium club residences and large scale integrated urban development projects in nine “old Moscow” districts. Leader-Invest apartment blocks offer a new lifestyle, always featuring a superb location, unique architecture, functional layout solutions, advanced engineering and established infrastructure. They are all located in developed and convenient city districts. Leader-Invest’s portfolio consists of 31 projects currently at the design/construction stage, unsold residential real estate in eight completed residential complexes and commercial properties with a total NSA of 1.3 m sq.m. In February 2019, a 51% stake in Leader-Invest was acquired by Etalon Group, a major Russian development and construction corporation operating in Moscow, the Moscow Region and St Petersburg. The integration is to be completed by the end of 2019. The combined structure will be one of the biggest players on the Moscow residential real estate market by number of projects and the second biggest by sales and ongoing construction volumes. www.l-invest.ru
For all issues related to publications, news and press releases, please contact:
If you would like to receive our legal alerts and updates highlighting current legal issues relevant to your areas of interest and providing expert commentary by our lawyers, please click on "Sign Up" and fill out the form.