News & Press
18 December 2017 Goltsblat BLP acts as legal advisor for Orientir group in connection with the sale of part of the Sever-2 logistics park to Raven Russia
The Sever-2 class A logistics complex is located in the Solnechnogorsky District, 35 kilometres north of the MKAD on Leningradskoye Shosse, or on the new M-11 toll road. The complex’s anchor tenants are OBI, O’key, Major, Miratorg and R-Pharm.
In the transaction, Raven Russia acquired from Orientir group (formerly Logopark Development) a major part of a warehouse complex with a total area of about 195,000 square metres, as well as land plots and numerous infrastructure facilities. The transaction was complicated by the fact that only part of the warehouse complex was acquired, which made it necessary to structure legal relationships with other residents of the complex and also by the complex purchase price structure, which provided for payments in stages and adjustment mechanisms.
Goltsblat BLP’s team was led by Vladislav Sourkov, Senior Partner of the Real Estate & Construction Practice, and work on the transaction itself was managed by Dmitry Maltsev, Head of Group, Real Estate & Construction.
Vladislav Sourkov: “We have known all of the parties to the deal well for a long time and were delighted to participate in implementing such a large-scale and complex project. Such transactions are particularly important in the current economic situation, as they demonstrate the interest and capabilities of professional players in implementing the large-scale projects we all don’t have enough of. The professionalism of Orientir’ and Raven Russia’s in-house lawyers is worth highlighting: they made it possible to provide the transaction with the most effective legal assistance.”
Raven Russia was founded in 2005 to invest in class A warehouse complexes in Russia and lease to Russian and International tenants. Its Ordinary Shares, Preference Shares and Warrants are listed on the Main Market of the London Stock Exchange and admitted to the Official List of The International Stock Exchange ("TISE"). Its Convertible Preference Shares are admitted to the Official List of TISE and trading on the SETSqx market of the London Stock Exchange. The Company operates out of offices in Guernsey, Moscow and Cyprus and has an investment portfolio of circa 1.6 million square meters of Grade "A" warehouses in Moscow, St Petersburg, Rostov-on-Don and Novosibirsk and 49,000 square meters of commercial office space in St. Petersburg.
Orientir is a full-cycle warehouse and industrial real estate developer company. The company designs, builds and operates the largest consumer goods distribution centers, including licensed, multi-temperature food and pharmaceutical warehouses, and build-to-suit projects.