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Real Estate

As an investor, developer, occupier, construction consortium or asset manager, your real estate deals are executed to tight deadlines within complex local legal systems. If, for example, your property assets cross international markets, you face issues based on differing real estate law as well as cultural and economic contexts. With over 450 lawyers in 33 countries, we give consistent legal advice across borders, coordinated from your home market. Whether you are in the retail, residential, hotels, infrastructure, care home, office, logistics, renewable energy or student accommodation sectors, we have the specialists to help.

Through decades of experience of doing deals across Europe, our multi-jurisdictional teams adhere to the same templates, processes and standards, including project management. This means we can deploy specialist teams to advise you immediately, irrespective of where the real estate assets are. If you are launching or operating a real estate fund or setting up a real estate related joint venture, our funds and corporate experts can give you country-specific support. This approach allows us to guide your tax, planning, debt financing, construction and management issues in addition to your traditional real estate portfolio and property management work.

Our local team has a wide experience in the structuring, drafting and negotiation of acquisition/divestiture of residential, commercial, agricultural and industrial real estate assets, as well as construction of industrial plants. Additionally the team provides advices on financing and commercialization of real estate assets. .


SEAM­LESS Leg­al re­cog­nised by Pravo-300 2022
We are more than happy to share our first re­cog­ni­tion as SEAM­LESS Leg­al by the na­tion­al rank­ing Pravo.ru-300. This year SEAM­LESS Leg­al has earned 17 re­cog­ni­tions, in­clud­ing Band 1 award for the In­sur­ance...
Waste man­age­ment: what should busi­nesses pre­pare for?
A law* aimed at de­vel­op­ing a re­cyc­ling sys­tem and provid­ing in­cent­ives for the use of sec­ond­ary re­sources has been pub­lished (the “Law”).The Law in­tro­duces the fol­low­ing new terms: “sec­ond­ary re­sources”, “sec­ond­ary raw ma­ter­i­als” and “by-products”.Sec­ond­ary re­sources are defined as a type of waste that can be re­used to pro­duce goods, per­form works, sup­ply ser­vices or ob­tain en­ergy. Sec­ond­ary re­sources may res­ult from sep­ar­ate waste col­lec­tion or be gen­er­ated dur­ing a man­u­fac­tur­ing pro­cess.The Law stip­u­lates the ob­lig­a­tion of com­pan­ies that have gen­er­ated sec­ond­ary re­sources as a res­ult of their activ­it­ies to en­sure that they are re­cycled (by them­selves or by trans­fer­ring them to an­oth­er en­tity). For ex­ample, it is pos­sible to ob­tain sec­ond­ary raw ma­ter­i­als from sec­ond­ary re­sources, which can then be used to pro­duce oth­er products or even to per­form oth­er eco­nom­ic activ­it­ies.The main fea­ture of the reg­u­la­tion of sec­ond­ary re­sources is the ban on dump­ing them, which, giv­en the need for ad­equate in­fra­struc­ture, will take ef­fect from 1 Janu­ary 2030 (in con­trast to the rest of the Law, which takes ef­fect from 1 March 2023).The Law also es­tab­lishes spe­cial reg­u­la­tions for by-product man­age­ment sys­tems.Thus, if a com­pany gen­er­ates sub­stances or items which are not dir­ectly pro­duced, the com­pany must in­de­pend­ently clas­si­fy them as waste or man­u­fac­tur­ing by-products. The lat­ter will now be sub­ject to sep­ar­ate ac­count­ing if they are suit­able for fur­ther use in pro­duc­tion as raw ma­ter­i­als or for con­sump­tion as an in­de­pend­ent product.Un­like sec­ond­ary re­sources, man­u­fac­tur­ing by-products are gen­er­ally not re­cog­nised as waste un­less they:are dis­posed of by the com­pany at land­fills or oth­er waste dis­pos­al sites;are not used in the com­pany’s own pro­duc­tion and are not trans­ferred to an­oth­er en­tity as raw ma­ter­i­al or product after three years from the date of their clas­si­fic­a­tion as a man­u­fac­tur­ing by-product; or­rel­ate to sub­stances or items that can­not be clas­si­fied as man­u­fac­tur­ing by-products ac­cord­ing to the list to be es­tab­lished by the Rus­si­an gov­ern­ment.If man­u­fac­tur­ing by-products are re­cog­nised as waste, the com­pany will have to pay an en­vir­on­ment­al im­pact fee. The spe­cif­ics of cal­cu­lat­ing such a fee are reg­u­lated in the Law. In par­tic­u­lar, an ad­di­tion­al (mul­tiply­ing) factor of 52 is to be ap­plied to the cal­cu­la­tion.To im­ple­ment the re­quire­ments of the Law, the Rus­si­an gov­ern­ment has already pub­lished draft lists in re­spect of: sub­stances and items that can­not be clas­si­fied as man­u­fac­tur­ing by-products (e.g. mer­cury or fluor­es­cent lamps that have lost their use­ful prop­er­ties);products whose pro­duc­tion and use are not al­lowed be­cause of the dif­fi­culty or im­possib­il­ity of treat­ing or re­cyc­ling waste from their use (e.g. ozone-de­plet­ing sub­stances). The pro­duc­tion and use of such products is ex­pec­ted to be pro­hib­ited; an­d­cer­tain share of sec­ond­ary raw ma­ter­i­als is used (e.g. cer­tain types of con­crete and ce­ments). In­cent­ives, which are likely to take the form of tax or oth­er be­ne­fits, are en­vis­aged for com­pan­ies en­gaged in the rel­ev­ant types of pro­duc­tion or activ­it­ies.The Rus­si­an gov­ern­ment is plan­ning to ap­prove the first list by 1 March 2023 and the oth­er two by 1 March 2024.The new rules provided for in the Law are aimed at de­vel­op­ing a closed-cycle eco­nomy, re­du­cing the volume of waste sent to land­fill and max­im­ising the in­volve­ment of sec­ond­ary re­sources in the eco­nomy.However, on the oth­er hand, once en­acted, the pro­vi­sions of the Law are likely to im­pose ad­di­tion­al ad­min­is­trat­ive and fin­an­cial bur­dens on busi­nesses, as they will re­quire them to keep re­cords of the sec­ond­ary re­sources and by-products gen­er­ated by their activ­it­ies, and com­pan­ies are likely to re­vise their cur­rent waste man­age­ment schemes.Com­pan­ies need to take the new rules in­to ac­count when plan­ning their activ­it­ies in 2023 and bey­ond.* In Rus­si­an
For­eign less­ees be­ware of new lease rules
Spe­cial reg­u­la­tion* now ap­plies to less­ees that are or­gan­isa­tions in the trade and ca­ter­ing sec­tors and as­so­ci­ated with states that are lis­ted* as “un­friendly” by the Rus­si­an gov­ern­ment.Ac­cord­ing...
CRE-100: Artashes Ogan­ov among the best com­mer­cial real es­tate law­yers
5 Au­gust 2022
The former Mo­scow of­fice of CMS to con­tin­ue work­ing as an in­de­pend­ent law...
On 15 June 2022, the former Mo­scow of­fice of the in­ter­na­tion­al law firm CMS an­nounces the start of work as an in­de­pend­ent law firm un­der the new brand name SEAM­LESS Leg­al.Over 80 col­leagues of the Mo­scow of­fice con­tin­ue work­ing as one team, led by Man­aging Part­ner Jean-Fran­cois Mar­quaire and Seni­or Part­ner Le­onid Zubar­ev.We keep ad­vising our cli­ents across all 23 prac­tices and sec­tors: We lean on 30 years of ex­pert­ise and an im­pec­cable repu­ta­tion as part of an in­ter­na­tion­al law firm. We have al­ways abided by strict pro­fes­sion­al stand­ards and will con­tin­ue provid­ing ser­vices of the highest qual­ity. Jean-Fran­cois Mar­quaire, Man­aging Part­ner: “We are proud of hav­ing been able to cre­ate and pre­serve a united team with a friendly cor­por­ate cul­ture and re­spons­ible at­ti­tude to our busi­ness.”Le­onid Zubar­ev, Seni­or Part­ner: “Our new brand SEAM­LESS Leg­al most ac­cur­ately re­flects the ap­proach to work that has de­veloped over the years in our firm – in­teg­rity and co­her­ence, im­pec­cab­il­ity, con­tinu­ity and un­in­ter­rup­ted sup­port to our cli­ents at any time."
The Mo­scow of­fice of CMS to con­tin­ue as an in­de­pend­ent law firm
Dear FriendsWe have been through a lot dur­ing 30 years in Rus­sia. Now a dif­fi­cult de­cision has been taken by CMS to leave the Rus­si­an mar­ket. We are grate­ful to our in­ter­na­tion­al col­leagues for their...
Leg­al de­vel­op­ments that may af­fect your busi­ness in 2022
CMS Rus­sia ex­perts have pre­pared their an­nu­al se­lec­tion of the most sig­ni­fic­ant leg­al de­vel­op­ments that may af­fect your busi­ness in Rus­sia in 2022.
Do­ing busi­ness in Rus­sia
This is the 2021 edi­tion of the Do­ing busi­ness in Rus­sia guide. 
CMS Rus­sia earns a re­cord num­ber of re­cog­ni­tions by Best Law­yers 2022
Strong re­cog­ni­tion by the rank­ing 32 CMS Rus­sia ex­perts have been se­lec­ted for in­clu­sion in­to the 2022 edi­tion of the Best Law­yers rank­ing. In total, we have earned 74 re­cog­ni­tions by the rank­ing :Ant­on...
CMS Rus­sia in The Leg­al 500 EMEA 2021
The 2021 edi­tion of The Leg­al 500 EMEA re­cog­nises CMS Rus­sia across 10 prac­tice areas and hon­ours 10 firm ex­perts CMS Rus­sia has been ranked this year in the fol­low­ing 10 cat­egor­ies:Bank­ing & Fin­ance:...
CMS Rus­sia ex­perts re­cog­nised in the Pravo.ru-300 in­di­vidu­al rank­ing
The lead­ing na­tion­al leg­al dir­ect­ory Pravo.ru-300 has re­vealed the re­com­men­ded law­yers across 29 areas of law.This year sev­en CMS Rus­sia ex­perts have been ac­know­ledged by the rank­ing this year. Pravo.ru-300...
Most awaited leg­al de­vel­op­ments of 2021
CMS Rus­sia ex­perts have pre­pared their an­nu­al se­lec­tion of the most awaited leg­al de­vel­op­ments in Rus­sia in 2021.You can read de­tailed art­icles and re­com­mend­a­tions by our ex­perts on the forth­com­ing changes...