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“Kachkin & Partners’ experts supported the deal on acquiring more than 25 000 sq.m. “Aquatoria” business center by GK “Krasnaya strela” ”

Denis Kachkin,

Kachkin & Partners’ client, Group of Companies “Krasnaya Strela”, has purchased an operating B class business center «Aquatoria» with an area of more than 25,000 sq.m, located on one of the embankments in the center of St. Petersburg.

As a part of principal’s assignment Kachkin & Partners lawyers carried out a full review of the title and legal risks associated with the asset acquisition, as well as agreed on the transaction structure and the contracts to be signed. The transaction was implemented through business entities acquisition, which required guarantee mechanisms development to protect the acquirer’s interests for possible off-balance obligations.

The transaction peculiarity was the unstable economic situation with bank financing usage, and unlike most transactions on the market, it was not associated with the Western business withdrawal from Russian jurisdiction. Due to this transaction the principal received an operating business center filled with tenants, with a stable rental flow.

 

Denis Kachkin

Managing Partner
Head of Infrastructure and PPP Practice
Head of Joint Department at HSE University in Saint Petersburg
Attorney

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Denis Kachkin

Managing Partner
Head of Infrastructure and PPP Practice
Head of Joint Department at HSE University in Saint Petersburg
Attorney

Download VCARD

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