Jus Aureum has advised Sberbank CIB on the debt restructuring procedure of the Chizhov Gallery JSC.
The Chizhov Gallery is a complex built on a 17,850 square meter plot in downtown Voronezh, Russia. It consists of a Class B+ business center, a shopping center, and the Sheraton Congress Hotel. At approximately 100 meters and with 25 stories, the business center is the tallest building in Voronezh.
With its gross leasable area of 53,700 m², it includes a hypermarket, a food court, restaurants, a movie theater, an entertainment and sports center, and approximately 200 additional stores. The covered parking lot has a capacity of 870 vehicles. Renaissance was responsible for all design works, shop drawings, construction works, electrical and mechanical systems, infrastructure systems, peripheral roads, and landscape areas.
According to Jus Aureum, "the client was provided with complex legal assistance aimed at Sberbank CIB entering into the borrower’s equity by means of acquisition of minority stake in Chizhov Gallery JSC jointly with making the shareholders’ agreement and approval of the said transaction by the Federal Antimonopoly Service of Russia."
Image Source: shoppingcenter-gallery-chizhov.ru