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Dentons advises on the first built-to-suit deal in the Russian office market

28 Aug 2019 5:00 AM | Deleted user

August 22, 2019, Moscow – Raiffeisenbank has signed an agreement with the Etalon Group on the construction of an office center at Nagatino i-Land business park. Legal support for the transaction on behalf of Raiffeisenbank was provided by a team from the global law firm Dentons led by Partner Florian Schneider and Counsel Olga Popel. The transaction involves the construction of a 16-story office building with a total area of 34,000 m2 and is structured as a built-to-suit deal. Florian Schneider, Partner in Dentons’ Real Estate practice, talks about the deal’s outcome: “This was one of the many major real estate projects our practice has handled over the past year, one that encompassed numerous stages: from legal due diligence on the land plot where the construction will take place and making recommendations on the deal structuring and use of security instruments, to drafting the transaction documents. Thanks to the Dentons team’s concerted efforts, not only were we able to do a quality job on a major project for the client, we also managed to get the transaction signed within a short time frame.”

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