Hogan Lovells has advised TNT Express Worldwide CIS LLC, a Russian entity of TNT Express, on the long-term lease of a whole office building in Moscow. TNT is one of the world’s leading business-to-business express delivery services providers. This office building will become a new head office of TNT Express in Russia. The deal was signed on 10 June 2011.
TNT Express has been in Russia since 1989. It has 13 depots in Moscow, St. Petersburg and other major Russian cities. Every month TNT fulfills about 125,000 orders for deliveries to and from Russia. The regional network covers 11,000 Russian cities and towns.
The Hogan Lovells team was led by Taras Oksyuk, Partner and Head of Hogan Lovells (CIS) Real Estate Practice. Taras was assisted by real estate associate Natalia Miroshnichenko.
Taras Oksyuk commented:
“We have very much enjoyed working for TNT, our long-standing client, on such a high-profile deal. We look forward to further developing our successful relationship. Our work with TNT on this transaction gave us another opportunity to demonstrate our strong real estate capabilities and expertise in Russia.”
Michal Stancombe, Co-Chair of Hogan Lovells Global Real Estate Practice, said:
“We are delighted that the Moscow office has acted on this key deal and look forward to building a wider relationship with TNT Express”.
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