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Legal support of “Krasnaya Strela” development company on acquisition of two buildings with a total area over 20.3 thousand sq. m. in the loft style quarter «Skorokhod»

Krasnaya Strela Group of Companies has acquired two buildings from the Okhta Group with a total area of 20.3 thousand sq. m. in the loft style quarter «Skorokhod» in St. Petersburg. Kachkin & Partners’ experts provided full legal support on the purchase of the objects, including the seller’s obligations to carry out work on the objects’ repair and adaptation for modern use.

As a part of the project, together with the client, the issues of structuring of the complicated relationships of the parties were successfully resolved, allowing to ensure the interests of each participant of the transaction. The total area of the quarter located on the territory of the former Skorokhod factory is 3.3 hectares.

As a part of the redevelopment, a complete replacement of communications and the reconstruction of the historic red-brick quarter is underway. The Krasnaya Strela Group of Companies and the Okhta Group company plan to develop the territory within the framework of a single vision. Completion of all works is expected in 2025.

Dmitry Nekrestyanov

PhD in Law
Partner
Head of Real Estate and Investments Practice
Attorney

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Dmitry Nekrestyanov

PhD in Law
Partner
Head of Real Estate and Investments Practice
Attorney

Download VCARD

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