Goltsblat BLP acts on major new Moscow hotel project for Akfen Holding

18.09.2013 Leading international law firm Goltsblat BLP (the Russian practice of Berwin Leighton Paisner) acted for Akfen Holding and its group on the acquisition of Russian company OOO Severny Avtovokzal. 

Severny Avtovokzal holds rights and building permits for a hotel project, to be built on a 2,010 sq. m site at 37, Leningradsky Prospect in Moscow city centre. Akfen REIT, part of Turkish diversified group Akfen Holding, will start a project to build a 317-room ibis Hotel in Moscow by the end of September 2013 . Akfen owns ibis hotels in Yaroslavl, Kaliningrad and Samara, and this new Moscow hotel will bring the number of hotels in Akfen REIT’s portfolio to 20. 

Anton Panchenkov, Head of Group in the Corporate team at Goltsblat BLP, led a team of lawyers which included Mikhail Tararouev and Kamilla Zagidullina. Anton commented “we are delighted with the results on this project, which went very smoothly and marks an exciting new development in the Moscow hotel construction market”. 

Client partner Ian Ivory commented “Akfen is a great company to work with and we are very pleased to work with them again on such an interesting project. We have worked closely with Akfen on a number of deals across Russia now. This latest project is another good example of more inward investment into the Russian economy and again shows signs that deal activity is picking up”. Goltsblat BLP 

Goltsblat BLP is the Russian practice of Berwin Leighton Paisner (BLP), an award-winning international law firm with offices in London, Moscow, Abu Dhabi, Beijing, Berlin, Brussels, Dubai, Frankfurt, Hong Kong, Paris and Singapore, including more than 800 lawyers worldwide. In Moscow, Goltsblat BLP has 100 lawyers, qualified under Russian, English and US law. The highly respected Moscow team has over 20 years of experience, providing legal support for major Russian businesses, as well as multinationals implementing large-scale investment projects in Russia. The Moscow-based international team at Goltsblat BLP provides transaction support for Russian and global investments by both Russian and international clients. 

Sophia Arakelyan, PR manager Sophia.Arakelyan@gblplaw.com +7 (495) 287 44 44 ext. 5594

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