White & Case Advised on Commercial Real Estate's "Deal of the Year: Purchase-Sale" in Russia
White & Case advised on the "Deal of the Year: Purchase-Sale" award given at the 13th Annual Commercial Real Estate Awards, Russia's most prestigious real estate awards ceremony, which is organized by Commercial Real Estate magazine. Awards are given to "best in class" and comply with modern CRE requirements.
In the award-winning deal, we advised Radius, a leading developer of Class A warehouses in Russia, on the sale of the largest "build to suit" distribution center in Russia (totaling 100,000 square meters in area) to leading French retailer Leroy Merlin. Previously in 2013, our finance team advised Radius on an up-to-US$248 million real estate financing from Sberbank to refinance certain existing loan facilities and enable Radius to continue developing its state-of-the art 650,000 square meter South Gate Industrial Park located near Domodedovo airport in the south of Moscow, one of the largest warehouse financing transactions in Russia to date.
This marks the fourth straight year in which our real estate team has advised on a Commercial Real Estate award-winning deal. We advised on the award-winning Meridian Capital CIS Fund's US$1.1 billion sale of Galleria Shopping Centre to Morgan Stanley Real Estate Fund (MSREF) in 2011-2012; VTB Capital on the sale of 47 per cent stake in White Square business centre to O1 Properties in 2012; and on Capital Partners' US$1.2 billion sale of the one of the largest shopping centres in Moscow Metropolis to MSREF in 2013.