News

International law firm Clifford Chance advised on four deals nominated for the 'Deal of the Year' at the 10th ceremony of the CRE Awards held on 18th April 2013 in Moscow.

In total five deals were nominated as follows: "Investment transaction with White Square Office Centre", "Sale of a prime class A building Ducat Place III", "Purchase of the business centre Silver City", "Purchase of Olympia Park business complex by Kaspersky Lab for end use" and "Sale of Metropol Hotel".

The first four transactions were successfully completed with the legal support of the Moscow corporate and finance teams and Clifford Chance offices in London, Washington and Amsterdam.

The prize was ultimately awarded for the White Square Office Centre transaction which was completed at the end of 2012 and at the present time is considered to be the largest single asset office real estate investment deal ever completed in the Russian market. Clifford Chance advised the purchaser of the office complex – the investment company O1 Properties, one of the largest owners and managers of a portfolio of high quality office properties in Moscow.

The White Square Office Centre is a class “A” office complex consisting of three buildings with a gross building area of 110,800 sq.m. and 840 parking spaces on three levels of underground parking. The prestigious complex is leased to major international tenants including PricewaterhouseCoopers, Deloitte, McKinsey & Co and Microsoft.

Marc Bartholomy, Corporate Partner and Head of Real Estate at Clifford Chance Moscow, who led on the transaction, noted: "We are pleased that we had the opportunity to contribute to the success of a number of widely recognised deals on the Russian real estate market. It is always a pleasure to work with great teams on landmark transactions."