On July 22th, the joint event “Industrial BTS deals: key [legal/technical] aspects of site selection and contracting”, organized by the AEB Real Estate Committee and the AIP Industrial Construction Committee was held. Andrey Zharskiy, ALRUD Partner heading Real Estate and Energy, Natural Resources & Infrastructure Practices, and Stanislav Veselov, ALRUD Senior Associate of Real Estate Practice, participated in the event.
Andrey Zharskiy spoke on the topic: “BTS contracts: structuring and key legal issues under the sale and purchase agreements” and Stanislav Veselov on the topic: “Due Diligence of an industrial real estate: basic approaches and specifics”. Experts of this joint event gave an overview of current trends in BTS industrial real estate in Russia, assessed the benefits of built-to-suit format from an investor and developer perspective, talked about basic principles as well as legal and technical details of site selection and deal closing. The audience learned what needs to be done even before the contract is signed, how to correctly form the technical specifications, what requirements to the object should be included in the contract and what needs to be controlled during the project's implementation.
More information about the event can be found here.