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Comprehensive legal support for Seven Suns Development in acquiring a land lease with valid building permits for over 190 thousand sq. m. of housing in Moscow
Representing Seven Suns Development interests, Kachkin & Partners attorneys in a short period of time and through complex negotiations agreed and signed a complicated deal.
Seven Suns Development using a SPV-company signed the acquiring lease from the largest Russian development and construction company for a land plot part with valid building permits for more than 190 thousand sq. m. of housing in Moscow. As a result of negotiations within the project it was agreed to use a bridge loan with a purpose to buy 100% of SPV-company shares and then convert loan to the project finance contract with a bank. That step made it possible to start the construction and open sales.
Kachkin & Partners attorneys drafted and coordinated the approval for complete package of both loan and security documentation for the transaction as well. Investments in the project amounted to 24 billion RUB.
PhD in Law
Partner
Head of Real Estate and Investments Practice
Attorney