Yandex’s $145 Million Acquisition of Property Site for Moscow Headquarters

White & Case advised Yandex, one of Europe’s largest internet companies and the leading search provider in Russia, on its proposed acquisition of rights to an approximately four hectare plot of land situated at Kosygina Street in Moscow for the construction of its new headquarters.

The total acquisition cost of the land will be approximately US$145 million.

White & Case advised Yandex on a series of agreements with the owner of the principal facility at Kosygina Street, as well as a number of additional owners of smaller adjacent facilities. The closing of the site acquisition remains subject to certain conditions, including further approvals by the Moscow City Government.

The White & Case team which advised on the transaction was led by partner Eric Michailov (Picture) and counsel Daria Plotnikova (Moscow), and included local partner Ekaterina Logvinova (Moscow), counsel Pavel Boulatov (Moscow) and associates Timofey Neklyudov, Evgeny Chernyavsky, Adel Shageev, Maria Kulmukhametova and Alexander Sysoev (all Moscow).

Involved fees earner: Pavel Boulatov – White & Case; Evgeny Chernyavsky – White & Case; Maria Kulmukhametova – White & Case; Ekaterina Logvinova – White & Case; Eric Michailov – White & Case; Timofey Neklyudov – White & Case; Daria Plotnikova – White & Case; Adel Shageev – White & Case; Alexander Sysoev – White & Case;

Law Firms: White & Case;

Clients: Yandex;