CMS Russia has advised the VTB Group on its acquisition of a 25.1% stake of the iCITY business center from a subsidiary belonging to Russian businessman Alexey Bogachev.
Financial details of the transaction were not disclosed.
According to CMS, the construction of the class-A business center will be jointly conducted by the MR Group and the VTB Group as a new stakeholder. The business center will be located near Moscow and will consist of 230,000 square meters. Furthermore, according to the firm, the center will feature a combination of intelligent engineering systems, complete automation, and energy-efficient solutions.
CMS Russia’s team consisted of Partners Artashes Oganov and Maxim Boulba, Senior Associate Elena Andrianova, and Associates Timur Sadvakasov, Natalia Gegechkory, Anastasia Dukhina, and Ophelia Amirova.