Akin Gump Strauss Hauer & Feld LLP has advised O1 Properties investment company—one of the largest owners of high-quality office properties in Moscow—in connection with legal issues relating to the financing of the acquisition of the Business Center known as “Silver City.”
O1 Properties acquired the property from Evans Randall for $333 million supported by credit facilities from VTB Group.
Built by Delin Development and put into operation at the end of 2007, Silver City has a total net rentable area of 41,661 sq.m. and is located 1.5 km from the Kremlin at 29 Serebryanicheskaya Embankment in Moscow’s central administrative district.
Silver City is almost completely rented, and tenants comprise multinational corporations and a number of leading Russian companies.
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