Designing the operational structure of a development project

Время чтения: 1 минута

A large warehousing and office complex based in Moscow and one of the largest regional developers have agreed to implement a project to build a multifunctional centre (about 500,000 sq.m.). As one of the structuring options, it was proposed to transfer buildings and land lease rights to the SPV.

KIAP team assessed options for the transfer of assets, as well as legal and tax consequences of such transfer. 

The specific features of the project were:
  • pledge of lease rights to land plots and capital facilities located on them;
  • willingness of the parties to carry out step-by-step surveying of land plots, demolition of dilapidated facilities and construction of new ones.

After selecting the best option for the target structure, a step-by-step transition plan was developed.