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CMS Russia has advised Bazil-Activ LLC, a subsidiary of a large Russian commercial bank, on the sale of a major development project in Moscow to Osnova Group. The transaction scope covered rights to the land plots for the construction of the MainStreet business class apartment complex and the set of permitting documents to implement the project. The deal value is RUB 2bn (approximately EUR 28,2m).
The new 60,000 square metre residential apartment complex will be built near Kutuzovsky Avenue, in the prestigious area of Fili-Davydkovo, on Ivan Franko Street.
CMS Russia team was led by counsel Artashes Oganov who was supported by associates Elizaveta Rakova, Alexander Zhuravkov and Ophelia Amirova.