DLA Piper has advised the TRINFICO investment group on the purchase of two office towers located in the Airport City of St. Petersburg. The two properties were sold for EUR 70 million to the Russian Blagosostoyanie real estate fund, which TRINFICO manages. Dentons advised Avielen on the deal.
The asset deal was initially announced in February of 2014, but according to DLA Piper was only recently completed. The vendor was ZAO AVIELEN A.G, a joint venture between the Austrian real estate developer Warimpex (55%), the CA Immo Group (25%), and UBM (10%). The two buildings – Jupiter 1 and Jupiter 2 – offer roughly 16,800 square meters of space in total and have been let out to subsidiaries of a major Russian energy group for nearly two years.
The TRINFICO Investment Group is an independent financial services provider headquartered in Moscow. The international DLA Piper team included Christoph Mager and Elisabeth Stichmann in Vienna, Ksenia Ilina and Jan Barber in Munich, and Mukhamed Evloev, Lyubov Pascaru, Sergey Koltchin, Maryana Kabakova, and Julia Zenova in Moscow.
“Successfully completed deals are by no means a given under the current difficult conditions,” Mager said. “All the more I am pleased for our client that this purchase could be finalized.”
The Dentons team advising Avielen was led by St. Petersburg-based Partner Karina Chichkanova, assisted by Of Counsels Oleg Lovtsov and Olga Uriupinskaya and Associates Arina Dovzhenko, Tair Suleymanov, and Svetlana Shlyunko.
Leave a Reply