Sorainen is advising Dana Holdings, a leading international, fully integrated real estate, investment, and development group of companies, in connection with implementation of the landmark Minsk World development project in the Belarusian capital, Minsk.
To date, this is the largest project of its kind, regulated by special decree of the President of Belarus and aimed at redevelopment of the Minsk-1 city airport area (approximately 300 hectares). Minsk World is to be realized within 13 years, resulting in construction of a modern business district, diverse residential areas, and extensive shopping and leisure facilities.
The Sorainen team, headed by partners Kiryl Apanasevich and Maksim Salahub, has been advising the client in connection with drafting, negotiating, and concluding the investment agreement with the Republic of Belarus represented by the Minsk City government, encompassing major privileges and guarantees granted to the investor, project commercial parameters, liability issues and proper distribution of rights and obligations between the investor and various state authorities of Belarus.
