ALRUD experts provided legal support on entering into Lease Agreement for Gloria Jeans flagship store

ALRUD experts successfully represented the interests of the owner of the historic building “Akter Gallery ” in the center of Moscow (shopping and office complex) supporting a transaction to lease the entire retail part of the building to Gloria Jeans.

The Gloria Jeans is one of Russia's largest clothing retailer with over 600 stores in more than 300 cities, as well as its own factories in Russia and development and production centres in the Asia-Pacific region.

The Gloria Jeans new flagship store in “Akter Gallery” will occupy almost 5,000 square metres over three floors and become the largest store in the retailer’s chain.

Previously ALRUD team represented the owner’s interests on entering into lease agreement with H&M, was involved in settlement of disputes with the tenant and supported the closure of an H&M store and the termination of the lease agreement.

ALRUD team was headed by Real Estate Partner Andrey Zharskiy and included Of Counsel Stanislav Veselov and Associate Sabina Idrisova.