DLA Piper has advised Leroy Merlin, one of the largest European DIY retail networks, on the construction and opening of its second hypermarket in Kiev.
The transaction consisted of an acquisition of a Ukrainian company which held the land titles for the plot and subsequent construction of the hypermarket. DLA Piper advised on various Corporate, Tax, Finance & Projects and Real Estate matters throughout the transaction.
Partner and Head of Real Estate in Ukraine Natalia Kochergina, who led the DLA Piper team on the transaction, said that "this is the second Leroy Merlin hypermarket in Ukraine, and we have provided full legal support on both. It is expected that in 2014 a further hypermarket will open, and we are also advising the client on that project.”
Kochergina's team included DLA Piper Senior Associate Dmytro Pikalov, Associate Sergiy Portnoy, and Legal Directors Illya Sverdlov and Illya Muchnyk.
